Summary: Ohio; Tax Secured, General Obligation Mar 06
- ID: 1814837
- March 2006
- Region: Ohio
- Standard & Poors
The 'AA+' rating on the state of Ohio's higher education GO bonds series 2006A reflects: The state's long history of strong and disciplined financial management where structurally balanced budgets have been adopted during a period of stagnating revenues; An increase in reserve levels at the end of fiscal 2005 due to both careful spending and strong revenue performance; A 2006-2007 biennial budget that implements unique tax reform measures that are intended to spur economic development and that project a good ending balance and the maintenance of the current budget reserve fund; A vast, broad, and diverse economic base, which is anchored by manufacturing and includes several regional centers and corporate headquarters, in addition to expanding health care and technology sectors;...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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