Green, OH Issuer Credit Rating And GO Bond Rating Raised To 'AA+' On Very Strong Reserves And Continued Economic Growth Jun 12
- Language: English
- Published: June 2012
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: New Rating
Action: Outlook: Positive
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- Green City