Cincinnati, OH Series 2017A Water System Refunding Revenue Bonds Rated 'AAA'; Outlook Stable - S&P Global Ratings’ Credit Research

Cincinnati, OH Series 2017A Water System Refunding Revenue Bonds Rated 'AAA'; Outlook Stable

Cincinnati, OH Series 2017A Water System Refunding Revenue Bonds Rated 'AAA'; Outlook Stable - S&P Global Ratings’ Credit Research
Cincinnati, OH Series 2017A Water System Refunding Revenue Bonds Rated 'AAA'; Outlook Stable
Published Jun 01, 2017
3 pages (1171 words) — Published Jun 01, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) June 1, 2017--S&P Global Ratings assigned its 'AAA' rating and stable outlook to Cincinnati, Ohio's $66.445 million series 2017A water system refunding revenue bonds and affirmed its 'AAA' rating, with a stable outlook, on the city's existing water system debt. The rating reflects S&P Global Ratings' opinion of the combination of very strong enterprise risk and extremely strong financial risk profiles. In addition, the rating reflects S&P Global Ratings' opinion of the regional nature of the service base, which extends beyond Hamilton County and northern Kentucky; it does not serve the entire metropolitan statistical area. The city, however, states it is actively seeking additional wholesale customers. "Other strong factors support the rating at its current level,

  
Brief Excerpt:

...CHICAGO (S&P Global Ratings) June 1, 2017--S&P Global Ratings assigned its '###' rating and stable outlook to Cincinnati, Ohio's $66.445 million series 2017A water system refunding revenue bonds and affirmed its '###' rating, with a stable outlook, on the city's existing water system debt. The rating reflects S&P Global Ratings' opinion of the combination of very strong enterprise risk and extremely strong financial risk profiles. In addition, the rating reflects S&P Global Ratings' opinion of the regional nature of the service base, which extends beyond Hamilton County and northern Kentucky; it does not serve the entire metropolitan statistical area. The city, however, states it is actively seeking additional wholesale customers. "Other strong factors support the rating at its current level, including the maintenance of strong liquidity that management could use to absorb any unexpected revenue declines or expenses, management's intent to continue with annual rate increases, and the overall...

  
Report Type:

Ratings Action

Issuer
Cincinnati
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Cincinnati, OH Series 2017A Water System Refunding Revenue Bonds Rated 'AAA'; Outlook Stable" Jun 01, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Cincinnati-OH-Series-2017A-Water-System-Refunding-Revenue-Bonds-Rated-AAA-Outlook-Stable-1860733>
  
APA:
S&P Global Ratings’ Credit Research. (). Cincinnati, OH Series 2017A Water System Refunding Revenue Bonds Rated 'AAA'; Outlook Stable Jun 01, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Cincinnati-OH-Series-2017A-Water-System-Refunding-Revenue-Bonds-Rated-AAA-Outlook-Stable-1860733>
  
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