Cincinnati, OH 2016A, B GO Bonds Assigned 'AA-' Rating; Other Ratings Affirmed

CHICAGO (Standard&Poor's) Jan. 21, 2016--Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Cincinnati, Ohio's series 2016A unlimited-tax various purpose general obligation (GO) improvement and refunding bonds and series 2016B unlimited-tax various purpose GO refunding bonds (federally taxable). At the same time, Standard&Poor's affirmed its: 'AA-' long-term rating and underlying rating (SPUR) on the city's existing unlimited-tax GO bonds, and 'A+' long-term rating on the city's nontax revenue bonds. The outlook on all ratings is stable. "The 'AA-' ratings on the city's GO bonds and the stable outlook reflect our assessment of the city's strong management and very strong budgetary flexibility and liquidity," said Standard&Poor's credit analyst Caroline West. Cincinnati's unlimited-tax GO

...CHICAGO (Standard & Poor's) Jan. 21, 2016--Standard & Poor's Ratings Services assigned its '##-' long-term rating to Cincinnati, Ohio's series 2016A unlimited-tax various purpose general obligation (GO) improvement and refunding bonds and series 2016B unlimited-tax various purpose GO refunding bonds (federally taxable). At the same time, Standard & Poor's affirmed its: + '##-' long-term rating and underlying rating (SPUR) on the city's existing unlimited-tax GO bonds, and + 'A+' long-term rating on the city's nontax revenue bonds. The outlook on all ratings is stable. "The '##-' ratings on the city's GO bonds and the stable outlook reflect our assessment of the city's strong management and very strong budgetary flexibility and liquidity," said Standard & Poor's credit analyst Caroline West. Cincinnati's unlimited-tax GO pledge secures the series 2016A and B GO bonds and its existing GO bonds. "We believe that Cincinnati has implemented structural budget changes that are sufficient to balance...

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