Indiana, Ohio Strike Optimistic Tone as Year-End Results Improve

Carvlin, Elizabeth
July 2006
Bond Buyer;7/17/2006, Vol. 357 Issue 32424, p41
Trade Publication
The article reports that Indiana and Ohio's year-end results for fiscal year 2006 showed marked improvements, enough to rebuild reserves that were depleted in previous years. Indiana posted a general fund balance and rainy-day fund reserve of $410 million. Moody's Investors Service and Fitch Ratings upgraded their debt outlook for both states.


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