Powell, Ohio, GOs Get Lift to AA-Plus by S&P

Standard & Poor’s raised its long-term underlying rating on Powell, Ohio’s general obligation bonds to AA-plus from AA, reflecting consistently strong financial operations and reserve levels. The outlook is stable.

At the same time, the agency assigned a AA-plus to the city’s $6.9 million of Series 2008 limited-tax various purpose GOs.

 

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