Cincinnati's GO Judgment Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

Cincinnati's GO Judgment Bonds Assigned 'AA-' Rating

Cincinnati's GO Judgment Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
Cincinnati's GO Judgment Bonds Assigned 'AA-' Rating
Published Nov 24, 2015
3 pages (1040 words) — Published Nov 24, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (Standard&Poor's) Nov. 24, 2015--Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Cincinnati's series 2015D unlimited-tax general obligation (GO) judgment bonds. At the same time, Standard&Poor's affirmed its: 'AA-' long-term 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 2015D bond proceeds will be used to finance payments under two legal settlements. "The 'AA-' ratings reflect our assessment of such factors as the city's strong management, very strong budgetary flexibility, and very strong liquidity," said Standard&Poor's credit analyst Benjamin Gallovic. The stable outlook reflects our view of Cincinnati's strong management conditions

  
Brief Excerpt:

...CHICAGO (Standard & Poor's) Nov. 24, 2015--Standard & Poor's Ratings Services assigned its '##-' long-term rating to Cincinnati's series 2015D unlimited-tax general obligation (GO) judgment bonds. At the same time, Standard & Poor's affirmed its: + '##-' long-term 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 2015D bond proceeds will be used to finance payments under two legal settlements. "The '##-' ratings reflect our assessment of such factors as the city's strong management, very strong budgetary flexibility, and very strong liquidity," said Standard & Poor's credit analyst Benjamin Gallovic. The stable outlook reflects our view of Cincinnati's strong management conditions and very strong liquidity and budgetary flexibility. RELATED CRITERIA AND RESEARCH Related Criteria + USPF Criteria: Local Government GO Ratings Methodology And Assumptions,...

  
Report Type:

Ratings Action

Issuer
Cincinnati
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Cincinnati's GO Judgment Bonds Assigned 'AA-' Rating" Nov 24, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Cincinnati-s-GO-Judgment-Bonds-Assigned-AA-Rating-1486847>
  
APA:
S&P Global Ratings’ Credit Research. (). Cincinnati's GO Judgment Bonds Assigned 'AA-' Rating Nov 24, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Cincinnati-s-GO-Judgment-Bonds-Assigned-AA-Rating-1486847>
  
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