Cincinnati, OH's Over $155.43 Million GO Bonds Assigned 'AA-' Rating, Reflecting Very Strong Budgetary Flexibility

CHICAGO (Standard&Poor's) July 28, 2015--Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Cincinnati, Ohio's: Approximately $138.2 million series 2015A unlimited-tax general obligation (GO) various purpose and refunding bonds, Approximately $3.45 million series 2015B unlimited-tax GO energy conservation bonds (taxable), and Over $13.78 million series 2015C unlimited-tax GO various purpose refunding bonds (taxable). At the same time, Standard&Poor's affirmed its: 'AA-' long-term and underlying rating (SPUR) on the city's unlimited-tax GO bonds and 'A+' long-term rating on the city's non-tax revenue bonds. The outlook on all ratings is stable. "The 'AA-' ratings on the city's GO bonds reflect our assessment of city's very strong budgetary flexibility and liquidity," said Standard&Poor's credit analyst

...CHICAGO (Standard & Poor's) July 28, 2015--Standard & Poor's Ratings Services assigned its '##-' long-term rating to Cincinnati, Ohio's: + Approximately $138.2 million series 2015A unlimited-tax general obligation (GO) various purpose and refunding bonds, + Approximately $3.45 million series 2015B unlimited-tax GO energy conservation bonds (taxable), and + Over $13.78 million series 2015C unlimited-tax GO various purpose refunding bonds (taxable). At the same time, Standard & Poor's affirmed its: + '##-' long-term and underlying rating (SPUR) on the city's unlimited-tax GO bonds and + 'A+' long-term rating on the city's non-tax revenue bonds. The outlook on all ratings is stable. "The '##-' ratings on the city's GO bonds reflect our assessment of city's very strong budgetary flexibility and liquidity," said Standard & Poor's credit analyst Caroline West. "Further supporting the rating is our view of the city's strong management," Ms. West added. The 2015A bonds will finance capital improvements...

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