S&P Global Ratings assigned its 'AA' long-term rating to Cincinnati's series 2019 unlimited-tax general obligation (GO) various purpose improvement and refunding bonds. At the same time, we affirmed our 'AA' long-term rating on the city's outstanding GO debt and nontax revenue bonds. The outlook is stable. Of the total issuance, about $45.8 million will be used to finance various projects identified in the city's annual capital improvement plan, and $54.4 million will be used to refund the city's series 2016, 2016B, 2017A, and 2019A bond anticipation notes. The GO bonds are secured by the city's full-faith-credit-and-resources and an agreement to levy ad valorem property taxes without limit to rate or amount. Per the city's charter, the levy used to support
