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Summary: Ohio Enterprise Bond Fund Ohio; State Revolving Funds/Pools Jun 08 Product Image

Summary: Ohio Enterprise Bond Fund Ohio; State Revolving Funds/Pools Jun 08

  • Published: June 2008
  • Region: Ohio
  • Standard & Poors

FEATURED COMPANIES

  • Ohio
  • Ohio Enterprise Bnd Fd
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to Ohio's series 2008-2 state economic development revenue bonds, issued for the Ohio Enterprise Bond Fund (OEBF). The 'AA-' rating reflects the underlying credit profile of the loan repayment stream and a default tolerance that meets Standard & Poor's pooled fund criteria for 'AA-' rated programs. The rating also reflects: Good coverage levels on the front-loaded debt service provided by the combined repayment streams of bond loans and the Chapter 166 loan program; Strong reserves to protect against delinquent or defaulting loans, including a primary reserve of 10% for each loan and a program reserve of $10 million funded by the Ohio Department of Development; Healthy diversification of...

Companies mentioned in this report are:
- Ohio Enterprise Bnd Fd
- Ohio

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 >

- Ohio Enterprise Bnd Fd
- Ohio

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