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Summary: Green, Ohio; General Obligation; Note Dec 10
Standard & Poors, December 2010
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: New Rating
Action: Outlook: Stable
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