Fitch Assigns AAA Rating to County's Upcoming Bond Sale

WBJB | By Michele McBride

Published November 25, 2024 at 6:18 AM EST

According to MonmouthJournal.com, the Monmouth County Improvement Authority governmental pooled loan revenue bonds series Fitch Ratings has been assigned a 'AAA' rating to 2024A in the amount of $79,715,000.

This is the best rating a bond sale can receive, offering low interest rates to the borrower. The bonds are scheduled to sell via negotiated sale Dec. 3. The proceeds will be used to make loans to certain municipalities within the county to refinance certain outstanding notes of the borrowers and finance general improvements of the borrowers.

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Michele McBride

I’ve had my dream job of waking up with all the great listeners and members of Brookdale Public Radio since January 3, 2005. Prior to this job, I began my career in radio at NJ 101.5 FM as a producer. From there, I took time off from radio to do other things. (including becoming a mom!)

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