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Summary: Ohio; Tax Secured, General Obligation Sep 05

  • ID: 1814876
  • September 2005
  • Region: Ohio
  • Standard & Poors
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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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

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Ohio

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