Moody's new report said the "most..........>

US MUNIS: Moody's new report said the "most severely impacted New Jersey (A3

stable) coastal counties have largely recovered from 2012's Superstorm Sandy and

are better prepared for a storm of similar strength."

- Report said "federal disaster aid and tighter building codes have bolstered

credit quality of local governments. In particular, Ocean County (Aaa stable),

Monmouth County (Aaa stable) and Atlantic County (Aa2 stable) and most of the

hardest-hit municipalities are healthy, owing to infrastructure improvements,

recovering economies and strong finances."

- Moody's said "local govts in coastal regions have benefitted from federal

infrastructure investment as the US Army Corps of Engineers has played a leading

role in infrastructure repair and storm preparation. Some of the projects are

repair and rebuild efforts and include beach replenishment."

- It said "state and local govts have taken steps to strengthen building codes

in an effort to minimize damage in the event of another Sandy-like, or worse

storm."