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:
Action: New Rating
Action: Outlook: Stable
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