• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Ohio; Tax Secured, General Obligation Sep 05 Product Image

Summary: Ohio; Tax Secured, General Obligation Sep 05

  • Published: September 2005
  • Region: Ohio
  • Standard & Poors

Abstract
The 'AA+' rating on Ohio's higher education GO bonds series 2005B and higher education GO refunding bonds series 2005C 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; 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 projects a good ending balance and 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...

Companies mentioned in this report are:
- Ohio

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

Ohio

Note: Product cover images may vary from those shown

RELATED PRODUCTS