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

Standard & Poors, December 2010

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 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.

Green City

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