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

  • ID: 1834788
  • December 2010
  • Region: Ohio
  • Standard & Poors
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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, READ MORE >

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- Green City

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