Research And Markets Research And Markets

Summary: Ohio; General Obligation Jul 11

  • ID: 2025368
  • July 2011
  • Region: Ohio
  • Standard & Poors
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Standard & Poor's Ratings Services revised its outlook to stable from negative on the 'AA+' rating on Ohio's general obligation (GO) bonds. The outlook revision reflects the state's progress in restoring structural budget balance through fiscal 2013 and the modest economic recovery underway, which has stabilized revenues. At the same time, we assigned a 'AA+' long-term rating to Ohio's $416.75 million GO refunding bonds. The rating reflects our view of: Ohio's long track record of proactive financial and budget management, including its implementation of frequent and timely budget adjustments over time to mitigate lower revenues; The availability of various reserves at the start of the recession, which has since allowed the state to manage budget gaps; A biennial budget for...

Companies mentioned in this report are:
- 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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different READ MORE >

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