...CHICAGO (S&P Global Ratings) Oct. 12, 2016--S&P Global Ratings has raised its long-term rating and underlying rating (SPUR) on Cincinnati, Ohio's existing unlimited-tax general obligation debt to '##' from '##-', and its rating on the city's nontax revenue bonds to '##-' from 'A+'. At the same time, S&P Global Ratings assigned its '##' long-term rating to Cincinnati's series 2016C unlimited-tax various purpose general obligation (GO) improvement and series 2016D unlimited-tax various purpose GO refunding bonds (federally taxable). S&P Global Ratings also assigned its '##-' rating to the city's series 2016F economic development revenue (nontax revenue) bonds and 2016G economic development revenue (nontax revenue) refunding bonds. The outlook is stable. "The upgrade reflects our view of the city's improved budgetary performance and very strong management," said S&P Global Ratings credit analyst Caroline West. The 2016C bond proceeds will finance a variety of capital projects. The 2016D bonds...
