Ohio Market Access Program (OMAP)
Lower Borrowing Costs
Credit enhancement saves money on debt service for Ohio municipal issuers.
Strengthened Credit Quality
Standard & Poor's has assigned its highest municipal short-term note rating "SP-1+" to notes issued through OMAP.
Leverages the state's high short-term credit rating to help improve market access.
OMAP provides governments across Ohio with a valuable tool for financing projects, reducing costs, improving outcomes, and strengthening communities.
OMAP is a credit enhancement program that leverages the state's excess liquidity and high credit rating to reduce costs for local government debt issuance.
Since its 2014 launch, OMAP has supported more than 180 deals, ranging from $390,000 to over $100 million. There have been no defaults, and to date, OMAP has generated more than $3.7 million in savings for local governments.
According to participating underwriters, since its inception, OMAP has saved local governments an average of 27.6% on annual interest expenses.
Any government subdivision in good fiscal standing, including cities, villages, school districts, counties, townships, and special districts, issuing short-term debt is eligible to participate.
For more information or to apply, please visit the OMAP portal.
The Ohio Market Access Program (OMAP) is a credit enhancement program offered through the Ohio Treasurer’s office that is designed to lower borrowing costs on short-term notes issued by Ohio schools, cities and local governments. OMAP leverages the state’s high short-term credit rating to help improve market access and lower borrowing rates for local governments.Click here for more information