S&P Global Ratings assigned its 'AA+' long-term rating to Medina County, Ohio's approximately $32 million limited-tax general obligation (GO) courthouse facility improvement bonds. At the same time, we affirmed the 'AA+' rating on the county's existing GO debt. The outlook on all ratings is stable. The bonds are secured by a pledge of the county's full faith and credit and an agreement to levy ad valorem property taxes within the 10-mill limitation imposed by state law. We rate the limited-tax GO debt at the same level as we would unlimited-tax GO debt, reflecting our expectation the county will use all resources available to service debt and there is no lack of fungible resources. Bond proceeds will be used to finance
