- Language: English
- Published: July 2009
- Region: United Kingdom
Summary: Ohio; Tax Secured, General Obligation; Tax Secured, Miscellaneous Tax Jul 05
- Published: 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:
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, 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >