Outlook Revised To Negative On Cincinnati, OH GO Bonds Due To Revenue Losses, Imbalanced Budget Nov 12
- Language: English
- Published: November 2012
The rating on Cincinnati, Ohio's unlimited property tax various purpose GO bonds reflects the city's: Expanding and diverse economy, Good financial practices and reserves, and Moderate debt burden with manageable capital needs. Cincinnati continues to expand through redevelopment as it participates in the continued growth and diversification of the metropolitan region. Rapid commercial and residential expansion continues in Hamilton, Ohio; Warren, Ohio; and Butler County, Ohio, as well as across the river in Northern Kentucky, creating thousands of new jobs and millions in new investment. In the city itself, the reconstruction of Fort Washington Way and the construction of two new stadiums should promote further commercial and retail development already underway. The Cincinnati MSA's unemployment rate through November 1998 averaged...
Companies mentioned in this report are:
Action: New Rating
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 >