S&P Global Ratings assigned its 'A+' long-term rating to the Columbus Metropolitan Housing Authority (CMHA), Ohio's anticipated $52.5 million series 2025F bonds (Thorton Hall Project). The outlook is stable. General revenues of CMHA and any other funds available under the trust estate as outlined in the transaction documents secure the series 2025F bonds. General revenue is defined as all revenue of CMHA from any source to the extent revenue is available to pay debt service and not pledged solely to another purpose. Although CMHA has not identified the portion of total revenue that comprises general revenue, and bonds issued with this structure are not a general obligation of CMHA, we make no distinction between the bond rating and the issuer
