- Language: English
- Published: December 2011
- Region: Ohio
Summary: Akron, Ohio; Miscellaneous Tax; Note Mar 12
- ID: 2083708
- March 2012
- Region: Ohio
- Standard & Poors
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...
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Action: New Rating
Action: Outlook: Stable
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