S&P Global Ratings assigned its 'SP-1+' short-term rating to Hamilton County , Ohio?s $207 million sales tax bond anticipation notes (BANs), subordinate series 2025. At the same time, S&P Global Ratings affirmed its 'AA-' long-term rating on the county's first lien 0.5% sales tax bonds outstanding. The outlook, where applicable, is stable. ENGLEWOOD (S&P Global Ratings) Nov. 13, 2025--S&P Global Ratings today took the rating actions listed above. We view the county's environmental, social, and governance (ESG) factors as in line with those of other local governments nationally, with comparatively limited outsized risk across each individual factor. Parts of the county are exposed to Ohio River flooding, although the most economically active components of the county are outside of the