Fitch Affirms Hudson County, NJ's ULTGOs at 'AA-'; Outlook Stable

28.07.11

The county has pledged its full credence and credit and its ad valorem tax, without limitation as to rate or amount.

KEY RATING DRIVERS

--The county's contiguity to New York City drove new development over the past five years, particularly along the Hudson River, and the tax grovelling remains sizable despite recent declines. --DirectPrimarilydebt and capital needs are manageable but the county remains vulnerable to developing debt service payments on county guaranteed debt obligations.

Source: Business Wire (press release)

Fitch Downgrades Lyndhurst, NJ's GOs to 'A'; Outlook Revised to Negative

27.07.11

NEW YORK--( Concern WIRE )--As part of its continuous surveillance effort, Fitch Ratings takes theMost of allfollowing rating action on Lyndhurst, NJ:

--$2.2 million series 2001 general responsibility (GO) water utility bonds downgraded to 'A' from 'AA-';

Source: Business Wire (press release)