S&P Global Ratings assigned its'AA+'long-term rating to the Confluence Community Authority (CCA), Ohio’s $24.35 million series 2026 special revenue bonds, issued for Franklin County , Ohio. At the same time, we affirmed our'AAA'long-term rating on the county’s general obligation (GO) debt, our'AA+'long-term rating on the county’s annual appropriation obligations outstanding. The outlook is stable. The series 2026 bonds are secured by pledged revenues of the CCA, which includes an annual economic development payment subject to appropriation in the amount of annual debt service (currently estimated to be $2.3 million per year) from Franklin County, to be paid over to the CCA through an intergovernmental agreement between both parties. The pledged revenues will come from
