Standard & Poor's Ratings Services said Wednesday that it lowered its long-term rating on Oakwood Village, Ohio's general obligation debt to A from A-plus.

"The downgrade is due to sustained, lower general fund reserves," explained Standard & Poor's credit analyst Carol Hendrickson.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.