Summary: Hamilton County, Ohio; Sales Tax

S&P Global Ratings assigned its 'AA-' long-term rating to Hamilton County, Ohio's 2021A sales tax refunding bonds, with a preliminary par amount of $46.4 million, and affirmed its 'AA-' long-term rating on the county's parity sales tax bonds outstanding. The outlook is stable. The 2021A bonds and the county's parity obligations are secured by a first lien on revenues from the additional 0.5% sales tax levied throughout the county. The sales tax was authorized by voters in 1996 for developing the downtown Cincinnati riverfront, including the construction of new stadiums for the Cincinnati Bengals professional football team and the Cincinnati Reds professional baseball team. The county owns the stadiums and leases them to the respective teams. The sales tax may

...S&P Global Ratings assigned its '##-' long-term rating to Hamilton County, Ohio's 2021A sales tax refunding bonds, with a preliminary par amount of $46.4 million, and affirmed its '##-' long-term rating on the county's parity sales tax bonds outstanding. The outlook is stable. The 2021A bonds and the county's parity obligations are secured by a first lien on revenues from the additional 0.5% sales tax levied throughout the county. The sales tax was authorized by voters in 1996 for developing the downtown Cincinnati riverfront, including the construction of new stadiums for the Cincinnati Bengals professional football team and the Cincinnati Reds professional baseball team. The county owns the stadiums and leases them to the respective teams. The sales tax may not be repealed as long as debt secured by the tax remains outstanding and the imposition of the tax is not contingent on the lease of the respective stadiums. 2021A bond proceeds will refund the 2011A bonds for debt service savings...

Summary