TITLE

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

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15113171

 

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