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

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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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