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Summary: Green, Ohio; General Obligation; Note Dec 10 Product Image

Summary: Green, Ohio; General Obligation; Note Dec 10

  • Published: December 2010
  • Region: Ohio
  • Standard & Poors

Abstract
The 'AA' long-term rating assigned to the city of Green, Ohio's global gateway drive general obligation (GO) recovery zone economic development bonds series 2010 reflects Standard & Poor's Ratings Services' opinion of the city's: Access to the diverse Akron and Canton, Ohio economies; Very strong wealth level and strong income level; Very strong financial position; and Moderate overall debt burden. The 'SP-1+' short-term rating assigned to the city's street improvement GO tax increment bond anticipation notes (BANs) series 2010C due July 7, 2011, reflects our opinion of the city's: Investment-grade credit quality as evidenced by the 'AA' long-term rating, and History of market access. The 'AA' long-term rating on the city's previously issued GO bonds and the 'AA' issuer credit...

Companies mentioned in this report are:
- Green City

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

- Green City

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