Summary: Morgan Stanley & Co. LLC Trust Series 2006-1511; Residual Certificates; Tender Option Certificates/Bonds Jan 13
- Language: English
- Published: January 2013
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
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