Standard&Poor's Ratings Services assigned its 'A+' long-term rating to Cincinnati, Ohio's series 2016A-E economic development revenue (nontax revenue) bonds. At the same time, Standard&Poor's affirmed its: 'AA-' long-term rating and underlying rating (SPUR) on the city's unlimited-tax general obligation (GO) bonds, and 'A+' long-term rating on the city's existing nontax revenue bonds. The outlook on all ratings is stable. The 2016A-2016E bonds are secured by a pledge of the city's special funds, which consist of nontax revenue, including all city revenues designated as license and permit fees (including cable franchise fees and commercial solid waste fees); fines, forfeitures, and penalties; and the city's dedicated economic development fund. Nontax revenue does not include any ad valorem tax
