...October 11, 2021 SAN FRANCISCO (S&P Global Ratings) Oct. 11, 2021--S&P Global Ratings assigned its '###' rating to Cincinnati's approximately $65 million series 2021A water system revenue bonds and nearly $47.6 million 2021B water system refunding revenue bonds. At the same time, S&P Global Ratings affirmed its '###' rating on the city's existing water system debt. The outlook is stable. "The rating reflects our view of Cincinnati's demonstrated ability and willingness to increase service rates, as proven by its approval of multiyear rate schedules, its large and diverse service area, and very strong finances," said S&P Global Ratings credit analyst Chloe Weil. "Further supporting the rating is our view of management's strong and embedded financial management policies," Ms. Weil added. The series 2021A bonds are being issued to fund water system improvements and the series 2021B bonds are being issued for debt service savings. The Greater Cincinnati Water Works serves a population of more...
