Summary: Columbus, Ohio; General Obligation Jul 11

Standard & Poors, July 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Columbus, Ohio's series 2011A unlimited-tax, 2011B limited-tax, and 2011C limited-tax general obligation (GO) various-purpose 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; Voter support in...

Companies mentioned in this report are: Columbus
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Columbus

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