NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a AAA rating with a Stable Outlook to the State of Ohio’s General Obligation Highway Capital Improvements Bonds Series V. The State’s General Obligation Highway Capital Improvements Bonds are well protected by the State’s general obligation pledge, which is further enhanced by a pledge of highway user fees that consist primarily of gasoline taxes and vehicle registrations levied state-wide.
| Assigned | Rating(s) | Outlook | ||||
|
General Obligation Highway Capital |
AAA | Stable | ||||
Related Reports:
- State of Ohio’s GO Highway Capital Improvements Bonds Rating Report
- U.S. Special Tax Revenue Bond Rating Methodology
- U.S. State General Obligation Rating Methodology
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
