Summary: Medina County, Ohio; Appropriations; General Obligation

S&P Global Ratings raised its rating on Medina County, Ohio's limited-tax general obligation (GO) debt to 'AA+' from 'AA'. At the same time, we raised our rating on the Medina County Port Authority's series 2010A and 2010B bonds to 'AA-' from 'A+'. The outlook on all ratings is stable. The upgrade reflects continued economic development and expansion, which has lifted income indicators and market value per capita. This has led us to revise our economy assessment to strong from adequate. It also reflects continued strong budgetary performance, growing available reserves, and maintenance of a very strong debt and contingent liability position. The limited-tax GO bonds are secured by the county's full faith and credit and an agreement to levy ad

...S&P Global Ratings raised its rating on Medina County, Ohio's limited-tax general obligation (GO) debt to '##+' from '##'. At the same time, we raised our rating on the Medina County Port Authority's series 2010A and 2010B bonds to '##-' from 'A+'. The outlook on all ratings is stable. The upgrade reflects continued economic development and expansion, which has lifted income indicators and market value per capita. This has led us to revise our economy assessment to strong from adequate. It also reflects continued strong budgetary performance, growing available reserves, and maintenance of a very strong debt and contingent liability position. The limited-tax GO bonds are secured by the county's full faith and credit and an agreement to levy ad valorem property taxes within the 10-mill limitation. We believe the county possesses the financial stability and flexibility necessary to sustain ratings on the limited-tax bonds equal to an unlimited-tax pledge. The Port Authority bonds are secured...

Summary