Summary: Cleveland; Miscellaneous Tax

Standard&Poor's Ratings Services has assigned its 'AA' long-term rating to Cleveland, Ohio's series 2015A subordinate-lien income tax bonds, reflecting a junior-lien pledge of the city's income tax receipts subordinated only to the city's general obligation (GO) bonds. We also affirmed our 'AA' long-term rating on the city's limited-tax GO bonds, reflecting their additional first-lien pledge of its 2% income tax. At the same time, we affirmed our 'AA' long-term rating on Cleveland's outstanding subordinate-lien income tax bonds. Finally, we affirmed our 'AA' long-term rating on the city's police and fire pension bonds. The outlook on all ratings is stable. The 'AA' rating on the first-lien income tax bonds also reflects our opinion of the following credit characteristics: The

...Standard & Poor's Ratings Services has assigned its '##' long-term rating to Cleveland, Ohio's series 2015A subordinate-lien income tax bonds, reflecting a junior-lien pledge of the city's income tax receipts subordinated only to the city's general obligation (GO) bonds. We also affirmed our '##' long-term rating on the city's limited-tax GO bonds, reflecting their additional first-lien pledge of its 2% income tax. At the same time, we affirmed our '##' long-term rating on Cleveland's outstanding subordinate-lien income tax bonds. Finally, we affirmed our '##' long-term rating on the city's police and fire pension bonds. The outlook on all ratings is stable. The '##' rating on the first-lien income tax bonds also reflects our opinion of the following credit characteristics:...

Summary