Summary: Cincinnati; General Obligation

S&P Global Ratings assigned its 'AA' long-term rating to Cincinnati, Ohio's economic development revenue bonds series 2018A (Over-the-Rhine (OTR) Arts Permanent Improvements Project), series 2018B (Industrial Site Redevelopment Project), series 2018C (Hudephol Brewery Remediation Project) and series 2018D (East Price Hill Revitalization Project). The outlook is stable. The bonds are secured by the city's non-tax revenues in its general fund that include licenses and permits, intergovernmental revenues, charges for services and miscellaneous revenues. We rate the non-ad valorem debt or non-tax revenue bonds on par with our view of the obligor's general creditworthiness as expressed/reflected in the rating on the unlimited-tax general obligation bonds. The fungibility of resources and the ability to manage those resources drive our view of the

...S&P Global Ratings assigned its '##' long-term rating to Cincinnati, Ohio's economic development revenue bonds series 2018A (Over-the-Rhine (OTR) Arts Permanent Improvements Project), series 2018B (Industrial Site Redevelopment Project), series 2018C (Hudephol Brewery Remediation Project) and series 2018D (East Price Hill Revitalization Project). The outlook is stable. The bonds are secured by the city's non-tax revenues in its general fund that include licenses and permits, intergovernmental revenues, charges for services and miscellaneous revenues. We rate the non-ad valorem debt or non-tax revenue bonds on par with our view of the obligor's general creditworthiness as expressed/reflected in the rating on the unlimited-tax general obligation bonds. The fungibility of resources and the ability to manage those resources drive our view of the obligor's ability and willingness to pay. It is our understanding that the total $10.25 million bond proceeds will be used for the following: + $6...

Summary