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

Summary: Medina County, Ohio; Appropriations; General Obligation

Summary: Medina County, Ohio; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Summary: Medina County, Ohio; Appropriations; General Obligation
Published Jan 22, 2015
6 pages (2299 words) — Published Jan 22, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Medina County, Ohio's series 2015 limited-tax general obligation (GO) various purpose bonds. At the same time, Standard&Poor's affirmed its 'AA' long-term rating on the county's previously issued GO debt and its 'A+' long-term rating on the Medina County Port Authority's series 2010 fiber network project bonds supported by the county with a nontax appropriation pledge. The outlook is stable. The 'A+' rating is based on our view of the county's: Pledge of nontax revenue, subject to appropriation, in an amount sufficient to restore the debt service reserve (DSR) to maximum annual debt service (MADS); MADS coverage of 6.8x using 2014 actual nontax revenue; and General creditworthiness as

  
Brief Excerpt:

...Standard & Poor's Ratings Services assigned its '##' long-term rating to Medina County, Ohio's series 2015 limited-tax general obligation (GO) various purpose bonds. At the same time, Standard & Poor's affirmed its '##' long-term rating on the county's previously issued GO debt and its 'A+' long-term rating on the Medina County Port Authority's series 2010 fiber network project bonds supported by the county with a nontax appropriation pledge. The outlook is stable. The 'A+' rating is based on our view of the county's:...

  
Report Type:

Summary

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Global Issuers, Public Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Medina County, Ohio; Appropriations; General Obligation" Jan 22, 2015. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Medina-County-Ohio-Appropriations-General-Obligation-1380418>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Medina County, Ohio; Appropriations; General Obligation Jan 22, 2015. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Medina-County-Ohio-Appropriations-General-Obligation-1380418>
  
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