Title:

Summary: Solon, Ohio; General Obligation

Price:$175.00
Publication Date:May 07, 2008
Report Type:Summary
Abstract:The upgrade to 'AAA' from 'AA+' on the city of Solon, Ohio's GO debt reflects the city's extremely strong creditworthiness, which includes the following characteristics: Access to the large and diverse Cleveland-Akron area employment base, A large local employment base within the city that helps to support the city's income and property tax bases, Economic indicators that compare very well with national averages, Solid financial performance backed with very strong reserves, and A low debt burden with no additional debt plans. Solon is in Cuyahoga County (AA+/Stable GO rating), about 20 miles southeast of downtown Cleveland and 25 miles north of downtown Akron (A+/Stable GO rating). Its population currently stands at approximately 22,400, and the city's geographic location enables residents
Brief Excerpt:RESEARCH Ratings Definitions Summary: Solon, Ohio; General Obligation Publication date: ##-May-#### Primary Credit Analyst: Scott D Garrigan, Chicago (#) ###-###-####; scott_garrigan@standardandpoors.com Secondary Credit Analyst:...
Word Count:855
Issuer:Solon
Sector:Global Issuers, Public Finance, Financial Institutions
Country:United States
Region:United States
Format:HTML HTML
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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