Thursday October 9, 4:52 pm ET CHICAGO--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to New Jersey Environmental Infrastructure Trust's (NJEIT) $139.1 million environmental infrastructure bonds, series 2008A. The bonds are scheduled to sell competitively on October 29. Bond proceeds will be used to fund loans to eligible public and private borrowers throughout New Jersey. In addition, Fitch affirms the 'AAA' rating on the NJEIT's approximately $1.4 billion of outstanding environmental infrastructure and wastewater treatment bonds. The Rating Outlook is Stable. The 'AAA' rating on the bonds is based on the underwriting standards employed by the NJEIT, significant loan pool diversification, high collateralization levels, and the overall credit quality of the drinking water state revolving fund (DWSRF) and the clean...
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