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Cuyahoga County, OH GO Debt Rating Lowered To 'AA' On New Local GO Criteria

Published Oct 11, 2013

1287 words — Published Oct 11, 2013

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Abstract:

CHICAGO (Standard&Poor's) Oct. 11, 2013--Standard&Poor's Ratings Services said that it lowered its rating on Cuyahoga County, Ohio's general obligation (GO) bonds to 'AA' from 'AA+' based on our recently released local GO criteria. Standard&Poor's also lowered its rating on the county's nontax and appropriation secured bonds to 'AA-' from 'AA' in tandem with the GO downgrade. The outlook is stable. We rate the county's nontax revenue bonds one notch below the GO rating due to the limited nature of the security. The notched rating on the Cleveland-Cuyahoga County Port Authority's lease revenue bonds issued for Cuyahoga County reflects the appropriation risk, while our notched rating on Gateway Economic Development Corp.'s series 2004A stadium revenue

Brief Excerpt:

RESEARCH Cuyahoga County, OH GO Debt Rating Lowered To '##' On New Local GO Criteria Publication date: 11-Oct-2013 Primary Credit Analyst: Carol A Hendrickson, Chicago (1) 312-233-7062; carol.hendrickson@standardandpoors.com Secondary...

Report Type:

Ratings Action

Issuer

Cuyahoga Cnty

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Cuyahoga County, Ohio; Appropriations; General Obligation; Miscellaneous Tax – 2013/10/16 – US$ 225.00

Summary: Cuyahoga County, Ohio CSA Health System; Letter of Credit – 2013/11/14 – US$ 225.00

Summary: Cuyahoga County, Ohio; Appropriations; General Obligation; Miscellaneous Tax – 2013/12/10 – US$ 225.00

Summary: Cuyahoga County, Ohio; Appropriations; General Obligation; Miscellaneous Tax – 2014/03/25 – US$ 225.00

Cuyahoga County, OH's 2014 Certificates Of Participation Rated 'AA-' – 2014/05/16 – US$ 150.00

Summary: Cuyahoga County, Ohio; Letter of Credit – 2013/09/09 – US$ 225.00

Summary: Cleveland-Cuyahoga County Port Authority, Ohio Cuyahoga County; Appropriations; General Obligation; Miscellaneous Tax – 2013/03/15 – US$ 225.00

Summary: Cuyahoga County, Ohio Euclid Avenue Housing Corp. – 2012/12/12 – US$ 225.00

Cuyahoga County, OH's 2012A-B GO Bonds Rated 'AA+' With Stable Outlook – 2012/11/15 – US$ 150.00

Cuyahoga County, Ohio; Appropriations; General Obligation; Miscellaneous Tax – 2012/11/15 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Cuyahoga County, OH GO Debt Rating Lowered To 'AA' On New Local GO Criteria" Oct 11, 2013. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cuyahoga-County-OH-GO-Debt-Rating-Lowered-To-AA-On-New-Local-GO-Criteria-1204060>

APA:	S&P Global Ratings’ Credit Research. (). Cuyahoga County, OH GO Debt Rating Lowered To 'AA' On New Local GO Criteria Oct 11, 2013. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cuyahoga-County-OH-GO-Debt-Rating-Lowered-To-AA-On-New-Local-GO-Criteria-1204060>

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