• SELECT SITE CURRENCY
Select a currency for use throughout the site
Ohio; General Obligation, State GO Jun 00
Standard & Poors, June 2000
The rating on Ohio's bonds reflects: The depth of the state's economy with a strong industrial goods manufacturing base, Growing services and trade sectors, Strong financial management with sizable financial reserves, and Manageable debt. Ohio's economy continued to perform well through 1999. Unemployment, while remaining low, was slightly higher than the U.S. average in 1999 at 4.3%. Overall job growth, led by the services and trade sectors, tracks the national average. Manufacturing employment is down from a year earlier, but wage and income levels are higher due to increased levels of overtime in a number of industries. Fiscal 1999 results indicate another operating surplus, with both revenues and expenditures showing positive variances for the year. The ending general revenue fund...
Companies mentioned in this report are:
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: Full Analysis