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KBRA Releases Rating Report for the State of Ohio’s GO Highway Capital Improvements Bonds

November 16, 2018

NEW YORK--(BUSINESS WIRE)--Nov 16, 2018--Kroll Bond Rating Agency (KBRA) assigns a AAA rating with a Stable Outlook to the State of Ohio’s General Obligation Highway Capital Improvements Bonds Series V. The State’s General Obligation Highway Capital Improvements Bonds are well protected by the State’s general obligation pledge, which is further enhanced by a pledge of highway user fees that consist primarily of gasoline taxes and vehicle registrations levied state-wide.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181116005299/en/

CONTACT: Analytical Contacts:

Paul Kwiatkoski, Managing Director

(646) 731-2387

pkwiatkoski@kbra.comJustin Schneider, Senior Analyst

(646) 731-2453

jschneider@kbra.comKaren Daly, Senior Managing Director

(646) 731-2347

kdaly@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 11/16/2018 09:55 AM/DISC: 11/16/2018 09:54 AM

http://www.businesswire.com/news/home/20181116005299/en

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