Standard & Poor's revised its outlook to negative from stable on South Brunswick Township, N.J.'s general obligation bonds and affirmed its AA rating.

"We revised the outlook based on our assessment of the township's significant decline in reserves and ongoing budgetary pressures stemming from ongoing tax appeals, the weakened economy, and rising expenditure costs," analysts said in a report.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.