S&P Global Ratings assigned its 'A+' rating to Columbus Metropolitan Housing Authority (CMHA), Ohio's roughly $14.4 million series 2024 general revenue bonds, issued for the Cobblestone Manor project. S&P Global Ratings also affirmed its 'A+' rating on CMHA's existing revenue debt. In addition, S&P Global Ratings affirmed its 'A+' issuer credit rating (ICR) on CMHA. The outlook is stable. Net operating income of the project, general revenue of CMHA, 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 CMHA, from any source, to the extent revenue is available to pay debt service and not pledged solely to another
