S&P Global Ratings assigned its 'AA' long-term rating to Cuyahoga County, Ohio's $50 million series 2024A economic development revenue bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the county's previously issued general obligation (GO) and nontax revenue debt and its 'AA-' long-term rating on the county's previously issued appropriation-secured debt. The outlook is stable. Certain nontax revenue secures the series 2024A bonds, but the county is legally permitted to use all available revenue to pay debt service. Given this, we rate the debt at the same level as our view of the county's general creditworthiness, as reflected by an unlimited-tax GO pledge. We believe that the county's ability to pay these obligations is closely
