0 CHECKOUT

Summary: Akron, Ohio; Miscellaneous Tax; Note Mar 12

  • ID: 2083708
  • March 2012
  • Region: Ohio
  • Standard & Poors
1 of 3

Abstract
Standard & Poor's Ratings Services has assigned its 'SP-1+' short-term rating and 'AA+' preliminary long-term rating to Akron, Ohio's series 2012 health benefit claims bond anticipation notes. The preliminary rating reflects our view of the city's authority to issue long-term income tax revenue bonds to retire the notes in 2013. At the same time, we affirmed the 'AA+' long-term rating on Akron's community learning center (CLC) income tax revenue bonds. The city's 2% basic income tax secures debt service on the series 2012 notes. The notes' lien on the 2% general income tax is on parity with the city's other income tax secured and guaranteed debt (including certain general obligation bonds with an additional income tax pledge). The CLC bonds...

Companies mentioned in this report are:
- Akron

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

Akron

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS from Db

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.