The rating on Hamilton County, Ohio's bonds, issued for Greater Cincinnati Metropolitan Sewer District, reflects: A stable regional economy anchored by the city of Cincinnati (rated 'AA+'); Competitive system rates, even when planned rate increases over the next four years are included; and Satisfactory financial performance. Hamilton County, Ohio's bonds are secured by net revenues of the sewer system. A continuing challenge to the system is its ability to manage a substantial $569 million capital improvement program while continuing to provide good coverage of outstanding revenue bonds and other obligations. The system serves 225,840 customers, including all of the city of Cincinnati and almost all residents with sanitary or combined sewers located in other parts of Hamilton County (the county
