Summary: Franklin County Convention Facilities Authority, Ohio; Appropriations; General Obligation

S&P Global Ratings assigned its 'AA' long-term rating to the Franklin County Convention Facilities Authority (FCCFA, or the authority), Ohio's $86.6 million series 2019 lease appropriation bonds. At the same time, we affirmed our 'AA' long-term rating and underlying rating (SPUR) on the authority's tax and lease revenue anticipation and refunding bonds outstanding. The outlook is stable. Proceeds from the series 2019 lease appropriation bonds will be used to help finance an expansion to the Greater Columbus Convention Center Hotel, which is operated by Hilton. The project will add 468 rooms to the existing hotel, bringing the total room count to 1,000, and will also add 54,100 square feet of new meeting space and dining spaces. Although the bonds are

...S&P Global Ratings assigned its '##' long-term rating to the Franklin County Convention Facilities Authority (FCCFA, or the authority), Ohio's $86.6 million series 2019 lease appropriation bonds. At the same time, we affirmed our '##' long-term rating and underlying rating (SPUR) on the authority's tax and lease revenue anticipation and refunding bonds outstanding. The outlook is stable. Proceeds from the series 2019 lease appropriation bonds will be used to help finance an expansion to the Greater Columbus Convention Center Hotel, which is operated by Hilton. The project will add 468 rooms to the existing hotel, bringing the total room count to 1,000, and will also add 54,100 square feet of new meeting space and dining spaces....

Summary