S&P Global Ratings assigned its 'AA' long-term rating to Dayton, Ohio's series 2022 limited-tax general obligation (GO) various improvement bonds and 2022 special obligation economic development revenue bonds, with preliminary par amounts of $15.7 million and $6.0 million, respectively. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the city's GO and nontax revenue debt outstanding. The outlook is stable. The city's full faith and credit and an agreement to levy ad valorem property taxes within the 10-mill limitation, subject to the city's charter, secure the 2022 limited tax GO bonds. We rate the limited-tax GO debt at the same level as our view of the city's general creditworthiness given the full-faith-and-credit pledge and the flexibility
