CHICAGO (Standard&Poor's) Nov. 15, 2012--Standard&Poor's Ratings Services has assigned its 'AA+' long-term rating to Cuyahoga County, Ohio's series 2012A limited tax general obligation (GO) capital improvement and refunding bonds and series 2012B taxable capital improvement refunding bonds. At the same time, we affirmed the 'AA+' rating on the county's outstanding GO debt. "The stable outlook on the ratings reflects our view that the county will maintain a consistently strong financial position," said Standard&Poor's credit analyst Carol Hendrickson. In spite of declining revenues, management has demonstrated a commitment to making budget adjustments to maintain reserves. However, given potential volatility in sales tax revenues, another economic downturn could pressure its financial position if management is unable
