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Summary: Ohio; Tax Secured, General Obligation; Tax Secured, Miscellaneous Tax Jul 05

  • ID: 1814931
  • July 2005
  • Region: Ohio
  • Standard & Poors

The 'AA+' rating on the state of Ohio's GO common schools bonds and refunding bonds series 2005C, common schools GO refunding bonds series 2005D, and higher education GO refunding bonds series 2005B reflects: 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; Unemployment rates and income levels that approximate the national averages; Increase in reserve levels at the end of fiscal 2005 due to both careful spending and a strong revenue performance; and Balanced financial operations with a structurally balanced 2006-2007 biennial budget that implements unique tax reform measures and projects a good ending balance and maintenance of the current...

Companies mentioned in this report are:
- Ohio

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

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