S&P Global Ratings assigned its 'A+' long-term rating to the Columbus Metropolitan Housing Authority, Ohio's (CMHA) series 2024 general revenue bonds (Waldren Woods Project). The outlook is stable. Net operating income of the project, general revenue of the authority, and any other funds available under the trust estate as outlined in the indenture dated April 12, 2024, secure the series 2024 bonds. General revenue is defined as all revenue of the authority, from any source, to the extent that revenue is available to pay debt service and is not pledged solely to another purpose. Although the authority has not identified the portion of its total revenue that constitutes general revenue, and bonds issued with this structure are not general obligations
