Moody's Boosts Ohio's Outlook as Officials Work on Budget

Carvlin, Elizabeth
November 2004
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p4
Trade Publication
The article reports that U.S. based Moody's Investors Service Inc. has improved its outlook to stable from negative on Ohio following its recent $120 million general obligation bond sale. Fitch Ratings affirmed its AA-plus rating on the state's general obligation debt. Standard & Poor's Corp. affirmed its AA-plus rating. The state faces a $ 1.8 billion budget shortfall as it begins to work on the 2006-2007 biennial budget. The state delayed approving the entire capital bill and only approved expenditures for about one year.


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