Standard & Poor's Corp. yesterday said New Jersey counties seem to be holding up well under pressure from the recent recession, but several factors are combining to threaten revenue streams in some regions.

In its weekly CreditWeek Municipal, the rating agency said that counties in the state enjoy extremely strong ratings. Almost half of its 17 county general obligation ratings are AA or better, "implying that most are coping successfully with recessionary pressures," Standard & Poor's said.

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