S&P Global Ratings assigned its'AA'long-term rating to the City of Cincinnati's $61.22 million series 2026 unlimited general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its'AA'long-term rating on Cincinnati's GO debt and nontax revenue bonds outstanding. The outlook is stable. Cincinnati's full faith credit and resources and an agreement to levy ad valorem property taxes without limit as to rate or amount secure the bonds. As per the city's charter, the levy used to support the debt service is not subject to the state's 10-mill limitation, precluding Cincinnati from needing voter approval--a rare exception within Ohio. GO bond proceeds will be used to finance various projects under the city's capital improvement plan,
