Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Cincinnati, Ohio's series 2016A unlimited-tax various purpose general obligation (GO) improvement and refunding bonds and series 2016B unlimited-tax various purpose GO refunding bonds (federally taxable). At the same time, Standard&Poor's affirmed its: 'AA-' long-term rating and underlying rating (SPUR) on the city's existing unlimited-tax GO bonds, and 'A+' long-term rating on the city's nontax revenue bonds. The outlook on all ratings is stable. Cincinnati's unlimited-tax GO pledge secures the series 2016A and B GO bonds and its existing GO bonds. The city may also covenant to annually appropriate additional income tax revenue to pay debt service on various portions of the bonds; the ratings are based solely
