Overview
• S&P Global Ratings raised its long-term rating on Bedford, Ohio’s general obligation (GO) debt to ‘AA’ from ‘AA-‘.
• The outlook is stable.
• The higher rating reflects the city’s improved reserves supported by a track record of consecutive surpluses, which we expect will be maintained, as well as its modest liability profile and sound budgeting practices.
Click on the link below to see the full article:
https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3471676