Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax - S&P Global Ratings’ Credit Research

Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax

Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax - S&P Global Ratings’ Credit Research
Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax
Published Oct 12, 2016
9 pages (3833 words) — Published Oct 12, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings has raised its long-term rating and underlying rating (SPUR) on Cincinnati, Ohio's existing unlimited-tax general obligation debt to 'AA' from 'AA-', and its rating on the city's nontax revenue bonds to 'AA-' from 'A+'. At the same time, S&P Global Ratings assigned its 'AA' long-term rating to Cincinnati's series 2016C unlimited-tax various purpose general obligation (GO) improvement and series 2016D unlimited-tax various purpose GO refunding bonds (federally taxable). S&P Global Ratings also assigned its 'AA-' rating to the city's series 2016F economic development revenue (nontax revenue) bonds and 2016G economic development revenue (nontax revenue) refunding bonds. The outlook is stable. The upgrade reflects our view of the city's improved budgetary performance and very strong management. Cincinnati's unlimited-tax

  
Brief Excerpt:

...S&P Global Ratings has raised its long-term rating and underlying rating (SPUR) on Cincinnati, Ohio's existing unlimited-tax general obligation debt to '##' from '##-', and its rating on the city's nontax revenue bonds to '##-' from 'A+'. At the same time, S&P Global Ratings assigned its '##' long-term rating to Cincinnati's series 2016C unlimited-tax various purpose general obligation (GO) improvement and series 2016D unlimited-tax various purpose GO refunding bonds (federally taxable). S&P Global Ratings also assigned its '##-' rating to the city's series 2016F economic development revenue (nontax revenue) bonds and 2016G economic development revenue (nontax revenue) refunding bonds. The outlook is stable. The upgrade reflects our view of the city's improved budgetary performance and very strong management. Cincinnati's unlimited-tax GO pledge secures the series 2016C and 2016D GO bonds and its existing GO bonds. The city may also covenant to annually appropriate additional income tax...

  
Report Type:

Summary

Issuer
Cincinnati
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax" Oct 12, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Cincinnati-Ohio-General-Obligation-Miscellaneous-Tax-1734706>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax Oct 12, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Cincinnati-Ohio-General-Obligation-Miscellaneous-Tax-1734706>
  
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