Summary: Ohio; General Obligation Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating to Ohio's common schools general obligation (GO) bonds, series 2011B. At the same time, Standard & Poor's affirmed its 'AA+' rating on the parity debt outstanding. The outlook on all bonds is stable. On July 15, 2011, Standard & Poor's affirmed its 'AA+' rating on Ohio's GO bonds, and revised the outlook to stable from negative to reflect the state's progress in restoring structural budget balance through fiscal 2013 and the modest economic recovery underway, which we believe has stabilized revenues. The GO rating reflects what we view as: Ohio's long track record of proactive financial and budget management, including its implementation of frequent and timely budget adjustments over time to...

Companies mentioned in this report are:
- Ohio

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.

Ohio

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