...S&P Global Ratings assigned its '##' long-term rating to Cincinnati, Ohio's $60.6 million series 2021A unlimited-tax various-purpose general obligation (GO) improvement bonds and $20.3 million series 2021B unlimited-tax various-purpose GO refunding bonds. At the same time, we affirmed our '##' long-term rating on the city's GO debt outstanding and nontax-revenue bonds. The outlook is stable. Officials expects to use the series 2021 bond proceeds to finance various projects under the city's capital improvement plan (CIP), take out outstanding notes, and finance a final judgement settlement. They expect to use the series 2021B bonds to refund the city's outstanding series 2012E and 2016A GO bonds for interest cost savings. 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 the debt service is not subject to the state's 10-mill limitation....
