Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax

S&P Global Ratings assigned its 'AA' long-term rating to Cincinnati, Ohio's various purpose series 2018 general obligation (GO) improvement. At the same time, we affirmed our 'AA' long-term rating on the city's outstanding GO debt and non-tax revenue bonds. The outlook is stable. The 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. It is our understanding that the $35.9 million bond proceeds for the series 2018 will be used to finance general capital projects in the city including, but not limited to, street, building, parks and recreation, storm water improvements and to refund bond anticipation notes previously issued for the aforementioned purposes. We rate the non-ad

...S&P Global Ratings assigned its '##' long-term rating to Cincinnati, Ohio's various purpose series 2018 general obligation (GO) improvement. At the same time, we affirmed our '##' long-term rating on the city's outstanding GO debt and non-tax revenue bonds. The outlook is stable. The 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. It is our understanding that the $35.9 million bond proceeds for the series 2018 will be used to finance general capital projects in the city including, but not limited to, street, building, parks and recreation, storm water improvements and to refund bond anticipation notes previously issued for the aforementioned purposes. We rate the non-ad valorem debt or non-tax revenue bonds on par with our view of the obligor's general creditworthiness as expressed/reflected in the rating on the unlimited-tax general obligation bonds. The fungibility of resources and the...

Summary