S&P Global Ratings affirmed its 'A+' rating on Cleveland, Ohio's series 2016 water pollution control (WPC) revenue bonds. The outlook is stable. The primary factors for the revenue bond rating are the following: A strong enterprise risk profile, which is generally supported by a broad and diverse economic base and a strong operational management assessment, in our view. An extremely strong financial risk profile, which is generally supported by a large unrestricted liquidity position, a "strong" financial management assessment (FMA), and pro forma total debt service coverage (DSC) exceeding about 1.5x; and Economic indicators at various geographic levels that are not consistent with a higher rating level. The 2016 bonds are payable from net revenues of the WPC fund. Other
