State of Ohio Ratings
The table below shows the underlying ratings that have been assigned by the three major bond rating agencies: Fitch Ratings, Inc., Moody's Investors Service, Inc., and Standard & Poor's Rating Services, Inc., exclusive of any credit enhancement that may be attached to a particular issue.
The ratings in effect from time to time reflect only the views of the particular rating organization. The explanation of its views of its rating's meaning and significance may be obtained from the respective rating agency. The State has furnished to each rating agency certain information and materials, some of which may not be included in this website, relating to outstanding obligations of the State. Generally, rating agencies base their ratings on that information and materials, and on their own investigations, studies and assumptions.
There can be no assurance that the ratings assigned will continue for any given time, or that a rating will not be lowered or withdrawn by a rating agency if in its judgment circumstances so warrant.
Ratings Assigned as of April 4, 2008
| SECURITY/PURPOSE | Fitch | Moody's | Standard & Poor's |
SOURCE OF STATE PAYMENT |
|---|---|---|---|---|
| General Obligations | ||||
| Higher Education | AA+ | Aa1 | AA+ | General Revenue Funds |
| Common Schools | AA+ | Aa1 | AA+ | General Revenue Funds |
| Coal Development | AA+ | Aa1 | AA+ | General Revenue Funds |
| Natural Resources | AA+ | Aa1 | AA+ | General Revenue Funds |
| Conservation | AA+ | Aa1 | AA+ | General Revenue Funds |
| Local Infrastructure | AA+ | Aa1 | AA+ | General Revenue Funds |
| Third Frontier | AA+ | Aa1 | AA+ | General Revenue Funds |
| Highways | AA+ | Aa1 | AAA | Highway User Receipts |
| Special Obligations (Lease Rental) | ||||
| Mental Health | AA | Aa2 | AA | General Revenue Funds |
| Parks and Recreation | AA | Aa2 | AA | General Revenue Funds |
| Administrative Facilities | AA | Aa2 | AA | General Revenue Funds |
| Correctional Facilities | AA | Aa2 | AA | General Revenue Funds |
| Youth Services Facilities | AA | Aa2 | AA | General Revenue Funds |
| Cultural & Sports Facilities | AA | Aa2 | AA | General Revenue Funds |
| Transportation Facilities | AA | Aa2 | AA | Highway User Receipts |
| Public Safety Facilities | AA | Aa2 | AA | Highway User Receipts |
| BWC Facilities | AA | Aa3 | AA | BWC Admin. Cost Fund |
| Other Obligations | ||||
| Economic Development | A+ | Aa3 | AA | Net Liquor Profits |
| Revitalization Projects | A+ | A1 | AA- | Net Liquor Profits |
| State Highway Infrastructure (GARVEE) |
AA- | Aa2 | AA | Federal Transportation Grants |
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Please read carefully before using this area of this website. Use of this area of site constitutes acknowledgment and acceptance of the following terms and conditions:
Information in this Debt Management area of the OBM website is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
You are entering web pages that contain information relating to debt management and bonds or other obligations of the State of Ohio. The purpose of this section is to provide general information about the State of Ohio and its debt management and borrowing programs. The information is provided for quick reference only and is not a summary or a compilation of information for any particular bond issue. It does not purport to include every item which may be of interest, nor does it purport to present full and fair disclosure within the meaning of applicable securities law with respect to any of the matters or programs addressed. Investment decisions should be made only after full review of the official statement and other relevant matters in connection with a particular bond issue.
The Ohio Office of Budget and Management (OBM) maintains the following web pages, and OBM has not undertaken nor has any obligation to update any information included on these pages. The documents available on these pages set forth information as of their respective dates and the posting of these documents or other information on these web pages does not imply that there has been no change in the affairs of the State of Ohio since the date of posting that information. Any addresses of or links to other websites which may be contained herein are given solely for the convenience of the user only. OBM has not participated in the preparation, compilation or selection of information on any other website, and assumes no responsibility or liability for the contents thereof.


