[MLT] 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...
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Action: New Rating
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