S&P Global Ratings assigned its 'AA' long-term rating to the City of Cincinnati, Ohio's $37.5 million series 2024B unlimited general obligation (GO) bonds, based on the application of its methodology for rating U.S. governments, published Sept. 9, 2024. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on Cincinnati's GO debt and nontax-revenue bonds outstanding. The outlook is stable. Cincinnati's full faith credit and resources and an agreement to levy ad valorem property taxes without limit as to rate or amount secure the bonds. As per the city's charter, the levy used to support the debt service is not subject to the state's 10-mill limitation. Bond proceeds are expected to finance various projects under the city's capital improvement
