Summary: South Plainfield Borough, New Jersey; General Obligation - S&P Global Ratings’ Credit Research

Summary: South Plainfield Borough, New Jersey; General Obligation

Summary: South Plainfield Borough, New Jersey; General Obligation - S&P Global Ratings’ Credit Research
Summary: South Plainfield Borough, New Jersey; General Obligation
Published Oct 09, 2006
Published Oct 09, 2006
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Abstract:

Standard & Poor's Ratings Services affirmed its 'AA-' Standard & Poor's underlying rating (SPUR) on South Plainfield Borough, N.J.'s GO debt. The SPUR reflects the borough's: Access to, and participation in, the New York City and Middlesex County economic regions; Consistently solid financial position; and Manageable debt profile. South Plainfield Borough (population 21,810) is a developed suburban community located approximately 35 miles west of New York City in Middlesex County ('AAA' GO rating). The borough benefits from its participation in the major employment centers of New York City and northern New Jersey, as well as a strong local economic base with opportunities available in retail and manufacturing. Countywide unemployment rates have consistently been below average and dropped further in 2005

  
Report Type:

Summary

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Sector
Public Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: South Plainfield Borough, New Jersey; General Obligation" Oct 09, 2006. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-South-Plainfield-Borough-New-Jersey-General-Obligation-537354>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: South Plainfield Borough, New Jersey; General Obligation Oct 09, 2006. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-South-Plainfield-Borough-New-Jersey-General-Obligation-537354>
  
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