Summary: Mahoning County, Ohio; General Obligation; Note - S&P Global Ratings’ Credit Research

Summary: Mahoning County, Ohio; General Obligation; Note

Summary: Mahoning County, Ohio; General Obligation; Note - S&P Global Ratings’ Credit Research
Summary: Mahoning County, Ohio; General Obligation; Note
Published Sep 11, 2024
6 pages (2452 words) — Published Sep 11, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'SP-1+' short-term rating to Mahoning County, Ohio's approximately $9.95 million general obligation (GO; limited-tax) various-purpose notes, series 2024. At the same time, we affirmed our 'AA-' long-term rating on the county's existing GO debt, based on the application of our "Methodology for Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The outlook on the long-term rating is stable. The 2024 notes as well as the existing rated GO debt are secured by the county's full faith credit and resources and an agreement to levy ad valorem property taxes within its share of its 10-mill limitation. We rate its limited-tax bonds based on our view of its general creditworthiness, given that ad valorem taxes are

  
Brief Excerpt:

...Institutional framework (IF) 2 Individual credit profile (ICP) 2.25 Economy 5.0 Financial performance 2 Reserves and liquidity 1 Debt and liabilities 1.25 Management 2.00...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Mahoning County, Ohio; General Obligation; Note" Sep 11, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mahoning-County-Ohio-General-Obligation-Note-3248682>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Mahoning County, Ohio; General Obligation; Note Sep 11, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mahoning-County-Ohio-General-Obligation-Note-3248682>
  
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