NJEIT

AcronymDefinition
NJEITNew Jersey Environmental Infrastructure Trust
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
STRONG PROGRAM MANAGEMENT: NJEIT maintains sound underwriting and loan monitoring procedures as evidenced by the fact that NJEIT has never experienced a borrower default in the loan portfolio secured by the master program trust agreement.
Through the program, NJEIT provides loans to local government, and private borrowers for certain eligible water and wastewater system projects within the state.
With respect to NJEIT's current and recent issues, most of the program's credit metrics, including those of the financial structure and pool credit quality, have remained stable over the past several years.
Fitch measures the financial strength of NJEIT's and other state revolving funds (SRFs) by calculating each program's asset strength ratio (PASR).
NJEIT has the power to intercept state aid to cure SRF loan repayment defaults otherwise due to borrowers.
ROBUST FINANCIAL STRUCTURE: Fitch's cash flow modeling demonstrates that NJEIT's environmental infrastructure bond program (the program) has sufficient cash flows to continue to pay bond debt service even with obligation defaults in excess of Fitch's 'AAA' liability rating stress hurdle, as produced using Fitch's Portfolio Stress Calculator (PSC).
STRONG PROGRAM MANAGEMENT: NJEIT maintains sound underwriting and obligor monitoring procedures.
NJEIT provides funds to local governments and private entities for certain eligible water and wastewater system projects within the state.
With respect to NJEIT's current and recent bond issues, most of the program's credit metrics, including those of the financial structure and pool credit quality, have remained stable over the past several years.
NJEIT is operated under a partnership with the New Jersey Department of Environmental Protection.