Freehold Borough Board Of Education, NJ GO Debt Rating Outlook Revised To Positive On Strong Finances

Stocks and Financial Services Press Releases Friday September 26, 2014 09:01
NEW YORK--26 Sep--Standard & Poor's

NEW YORK (Standard & Poor's) Sept. 25, 2014--Standard & Poor's RatingsServices revised the outlook on its 'A' rating on Freehold Borough Board ofEducation, N.J.'s general obligation (GO) debt to positive from stable.

The outlook revision reflects Standard & Poor's opinion of the district'shistorical maintenance of its strong finances despite pressure from enrollmentgrowth and property tax base decreases.
The rating service affirmed its 'A' rating on the district's GO debt.

"If the district could at least maintain current, if not stronger, reservesdespite capital pressure and the potential debt increase, we could raise therating," said Standard & Poor's credit analyst Linda Yip. "Conversely, ifthese or other pressures were to result in financial deterioration, we could

revise the outlook to stable."
The district's full-faith-and-credit-GO pledge secures the bonds. The NewJersey Fund for the Support of Free Public Schools program provides additionalbond security.

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