- Language: English
- 93 Pages
- Published: July 2010
- Region: Philippines
Summary: Napoleon, Ohio; General Obligation; Note Jan 12
- Published: January 2012
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'SP-1+' short-term rating to Napoleon, Ohio's general obligation (GO) limited-tax capital facilities bond anticipation notes (BANs), series 2012. At the same time, Standard & Poor's affirmed its 'AA-' issuer credit rating (ICR) on the city and its 'AA-' long-term rating on the city's previously rated GO debt. The outlook on the long-term debt is stable. The 'SP-1+' short-term rating reflects our view of the city's: Long-term investment-grade GO rating (AA-/Stable); GO security for the BANs; and Low market risk profile, indicating strong legal authority to take out the notes with bonds before maturity, adequate market access, and strong information availability. The city's limited-tax GO pledge secures the notes. Officials are planning to...
Companies mentioned in this report are: Napoleon
Action: New Rating
Action: Outlook: Stable
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