- Language: English
- Published: September 2012
- Region: Ohio
Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax Nov 11
- ID: 2024914
- November 2011
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Cincinnati, Ohio's economic development revenue bonds, series 2011A (U-Square @ The Loop project). The outlook is stable. The rating reflects our opinion of the following credit strengths: The large and diverse economic base that underlies the city's ('AA+' GO rating) long-term financial strength and overall creditworthiness, and The pledge of nontax revenues. The city will use bond proceeds to fund the construction of two parking garages and a public park-like plaza area, streetscape improvements and infrastructure projects, the purchase of certain real property where the parking garages and plaza area will be located, and a debt service reserve (DSR). The series 2011A bonds are special obligations of the...
Companies mentioned in this report are:
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. SHOW LESS READ MORE >