Summary: Cincinnati, Ohio; General Obligation; Miscellaneous Tax

S&P Global Ratings' long-term and underlying ratings on Cincinnati, Ohio's general obligation (GO) and nontax-revenue bonds is 'AA'. The outlook is stable. Cincinnati's full faith credit and resources, and an agreement to levy ad valorem property taxes without limit to rate or amount, secures its GO bonds. Per the city's charter, the levy used to support the debt service is not subject to the state's 10-mill limitation. We rate the city's nontax-revenue bonds on par with our view of its general creditworthiness, as reflected in the rating on the unlimited-tax GO bonds. The fungibility of resources and the ability to manage those resources drive our view of the city's ability and willingness to pay. Cincinnati's rating reflects its very strong

...Most recent Historical information 2022 2021 2020 Adequate economy Projected per capita EBI % of U.S. 86 Market value per capita ($) 62,009 Population 306,503 306,518 County unemployment rate (%) 3.6 Market value ($000) 19,005,897 16,696,160 16,382,191 Ten largest taxpayers % of taxable value 13.1 Adequate budgetary performance Operating fund result % of expenditures 15.1 11.2 5.3 Total governmental fund result % of expenditures (2.8) 8.5 9.4 Very strong budgetary flexibility Available reserves % of operating expenditures 55.5 38.6 24.8 Total available reserves ($000) 218,898 152,754 105,081 Very strong liquidity Total government cash % of governmental fund expenditures 57 63 48 Total government cash % of governmental fund debt service 528 513 437 Very strong management Financial Management Assessment Strong Very weak debt & long-term liabilities Debt service % of governmental fund expenditures 10.8 12.3 11.0 Net direct debt % of governmental fund revenue 93 Overall net debt % of market...

Summary