S&P Global Ratings assigned its 'SP-1+' short-term rating to Cuyahoga County , Ohio's $41.5 million series 2025 capital improvement notes. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the county's previously issued general obligation (GO) and nontax revenue debt, and its 'AA-' long-term rating on the county's previously issued appropriation-secured debt. The outlook, where applicable, is stable. Proceeds from the series 2025 capital improvement notes will be used to fund preliminary construction costs for a new county jail. The county's full faith, credit, and resources and an agreement to levy ad valorem property taxes within the state's 10-mill limitation secure the notes and existing GO debt. Certain nontax revenue secures the nontax revenue debt, but
