S&P Global Ratings revised the outlook to negative from stable and affirmed its ‘AA+’ long-term rating on Medina County, Ohio’s previously issued general obligation (GO) debt. At the same time, S&P Global Ratings assigned its ‘SP-1+’ short-term rating to the county's $7 million series 2026 limited-tax GO building improvement bond anticipation notes (BANs). The outlook revision reflects recurring audit findings, including material weaknesses in internal controls and deficiencies in management oversight. These issues affect the reliability of financial reporting and our assessment of county management and could lead to a rating action if not remediated. Proceeds from the series 2026 GO building improvement BANs will be used to finance the construction of a dog shelter. The county’s full faith, credit,
