Summary: Cincinnati, Ohio; General Obligation Sep 09

Standard & Poors, September 2009

Abstract
The 'AA+' rating on Cincinnati, Ohio's series 2009C unlimited-tax general obligation (GO) refunding bonds reflects the following credit factors: A deep and diverse economic base; Maintenance of reserve levels above the city's stated policies; Financial management practices that we consider to be good; and Limited additional debt needs. The city's reliance on economically sensitive income taxes, although mitigated by efforts to maintain a substantial financial cushion, is an offsetting factor. The city's unlimited-tax GO pledge secures the bonds. The series 2009C GO bonds include a municipal income tax pledge, but are ultimately secured by the city's full faith and credit GO pledge. Cincinnati has a population of about 330,000 and is the center of a substantial economic base. The economy...

Companies mentioned in this report are:
- Cincinnati

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, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.

- Cincinnati

Customers who bought this item also bought

• Trends in Rare Books and Documents Special Collections Management, 2013 Edition
• Market Research and Investment Prospect of China’s Overseas Study Service Industry from 2012 to 2017
• Higher Education Revenue Outlook, 2013 Edition
• The International Survey of Library & Museum Digitization Projects
• The Survey of Distance Learning Programs in Higher Education, 2012-13 Edition
• Best Practices in Student Retention, 2012 Edition
• The Survey of Medical School Faculty: Earnings from Research and Technology Licensing and View of Technology Transfer Office
• Prefeasibility Report on Business School
• Philippines Defence and Security Report Q3 2010
• The Survey of Medical School Faculty: Use of Journals, Databases, Repositories and other Information Sources