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Columbus, Ohio; General Obligation Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Columbus, Ohio's approximately $179.6 million series 2012-1 unlimited-tax and 2012-2 limited-tax various purpose refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' long-term rating and 'AAA/A-1+' rating on the city's previously issued debt. The outlook on all ratings is stable. The 'A-1+' short-term component of the rating on the city's series 2006-1 bonds reflects our view that the city's treasury investment portfolio provides sufficient liquidity to cover that series of bonds. The 'AAA' long-term rating reflects our view of the city's: Large, vibrant, and diverse economic base, including a significant public sector component, which provides stability and helps to protect against economic cycles; Strong positive operating...
Companies mentioned in this report are: Columbus
Action: New Rating
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.
Research Type: Full Analysis