Standard&Poor's Ratings Services has assigned its 'AA-' rating to Cuyahoga County, Ohio's series 2014A taxable economic development revenue bonds. We also affirmed our 'AA' long-term ratings on the county's general obligation (GO) debt and our 'AA-' long-term ratings on the nontax and appropriation secured bonds issued either by or for Cuyahoga County. The outlook is stable. Cuyahoga County's appropriation pledge secures the series 2014A bonds. Pursuant to the indenture, it has agreed to guaranty the payment of interest on and scheduled principal payments of the bonds subject to appropriation. No assurance can be given that the county council will appropriate such funds after the initial guaranty period of 2014, and the rating is notched below the GO rating
