S&P Global Ratings assigned its 'AA' long-term rating to Cincinnati, Ohio's series 2024A $20.1 million unlimited-tax various-purpose general obligation (GO) refunding bonds. The outlook is stable. Cincinnati's full faith credit and resources and an agreement to levy ad valorem property taxes without limit as to rate or amount secure the bonds. Per the city's charter, the levy used to support the debt service is not subject to the state's 10-mill limitation. Bond proceeds are expected to refund the outstanding privately placed series 2022A GO bonds for net present value savings. Our rating on Cincinnati reflects its very strong reserves and liquidity position, guided by proactive fiscal management with well-embedded fiscal planning and policies, and its anchor for a broad and
