Highlights of a report from Moody's Investors Services:
"Accordingly, the credit quality of Ocean County (Aaa stable), Monmouth County (Aaa stable) and Atlantic County (Aa2 stable) and most of their hard-hit municipalities look to remain healthy.” (Moody’s Investors Service Oct. 23, 2017)
- In the five years since Sandy, the most severely impacted counties (Ocean, Monmouth and Atlantic) have largely recovered and are at least as, if not better, prepared for another superstorm.
- Infrastructure improvements, healthy economies and strong finances combine to demonstrate both the strength of the recovery and the level of preparedness for future disasters.
- Median home prices have continued to climb in Ocean and Monmouth counties.
- Tourism is flourishing. Ocean and Monmouth counties posted higher tourism dollars in 2016 than 2011, up by 16.5% in Ocean County and 23.5% in Monmouth County.
- The finances of Atlantic, Monmouth and Ocean counties, and many of their municipalities, are generally stronger than before the storm.