Business Journal Daily: Fitch Affirms Ohio’s Ability to Pay Debt
Nov. 30, 2011
COLUMBUS, Ohio -- Fitch Ratings has affirmed its F1+ status for $650.7 million in short-term general obligation bonds issued by Ohio, state Treasurer Josh Mandel reported Tuesday.
The F1+ designation is Fitch Ratings best quality grade for short-term debt. The interest rate on short-term general obligation debt can change every seven days and the holder has the choice of whether he wants to sell the bonds; if so, the bonds are put on the market, a spokesman explains.
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