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Ohio's Higher Education GO Bonds Series 2001B Rated 'AA+'; Outlook Stable Oct 01

Description:
Abstract
NEW YORK (Standard & Poor's) Oct. 4, 2001Standard & Poor's assigned its double-'A'-plus rating to Ohio's $175 million higher education GO bonds series 2001B due Nov. 1, 2002-2021. The bonds are scheduled to sell Oct. 9, 2001. The outlook is stable. In addition, Standard & Poor's affirmed its double-'A'-plus rating on Ohio's outstanding GO debt. The series 2001B bonds are the fourth issue of bonds issued under a constitutional amendment authorized by state voters in November 1999. The amendment authorizes the issuance of GO bonds for the purpose of funding higher education capital facilities. The rating reflects: -- The depth of the state's economy, with a strong industrial goods manufacturing base; -- Growing services and trade sectors; -- Strong financial...

Companies mentioned in this report are:
- Ohio

Action: New Rating

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, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
 
Companies Mentioned
Ohio
 
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Ohio's Higher Education GO Bonds Series 2001B Rated 'AA+'; Outlook Stable Oct 01

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