Summary: Cincinnati City School District, Ohio; General Obligation May 11
- ID: 1827707
- May 2011
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating and stable outlook to Cincinnati City School District, Ohio's series 2011 school energy conservation improvement bonds, reflecting its view of the district's: Participation in the diverse Cincinnati metropolitan area economy, Recent history of good voter support, Good financial practices and policies, and Limited future capital needs. The district's need to make budgetary adjustments and seek electorate authorization for new operating dollars to achieve balanced operations limits these credit strengths. The district's limited-tax general obligation (GO) pledge secures the series 2011 bonds. It is our understanding that the district intends to issue the bonds as qualified school construction bonds and receive a direct subsidy from the federal government equal to...
Companies mentioned in this report are: Cincinnati City Sch Dist
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 >