- Language: English
- 93 Pages
- Published: December 2011
- Region: Slovenia
Summary: Ohio; General Obligation Sep 10
- Published: September 2010
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and negative outlook, to Ohio's various general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' ratings on the state's parity debt outstanding. Proceeds from the series 2010 refunding bonds will be used to refund various bonds outstanding for present value savings. The GO rating reflects our view of: Ohio's long track record of proactive budget management, including its implementation of frequent and timely budget adjustments in the past two years to mitigate lower revenues; The availability of various reserves at the start of the recession, which have since allowed the state to manage budget gaps; A biennial budget for 2010-2011 that is narrowly balanced...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Negative
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