Moody's Investors Service said it has upgraded Stark County, Ohio's general obligation limited tax rating to Aa2 from Aa3.
The county has $10.9 million of outstanding GOLT debt all of which is rated by Moody's.
The Aa2 rating reflects the county's sizeable taxable valuation, below average socioeconomic profile, prudent financial management resulting in strong reserve levels, minimal debt burden with an above average amortization schedule, and a moderate pension burden.
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
