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Summary: Green, Ohio; General Obligation; Note Jun 11

  • ID: 1828225
  • June 2011
  • Region: Ohio
  • Standard & Poors
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Standard & Poor's Ratings Services has revised the outlook on its issuer credit rating (ICR) on the city of Green, Ohio and its rating on the city's general obligation (GO) bonds to positive from stable based on its expectation that the city will continue to maintain its very strong reserve levels commensurate with historical levels. The 'AA' rating on the city's GO debt and the 'AA' ICR have been affirmed. At the same time, Standard & Poor's assigned its 'AA' long-term rating and positive outlook to the city's street improvement GO tax increment bonds series 2011, reflecting its opinion of the city's: Access to the diverse Akron and Canton, Ohio economies; Very strong wealth level and strong income level; Very...

Companies mentioned in this report are:
- Green City

Action: Affirmed
Action: New Rating
Action: Outlook: Positive

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 READ MORE >

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- Green City

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