Moody's Ratings assigns Aa1 to the State of Ohio's GARVEEs; outlook stable
Rating Action: Moody's Ratings assigns Aa1 to the State of Ohio's GARVEEs; outlook stable. Global Credit Research- 17 Apr 2026. New York, April 17, 2026-- Moody's Ratings has assigned a Aa1 rating to the State of Ohio's approximately $261 million Major New State Infrastructure Project Revenue and Refunding Bonds, Series 2026-1. We maintain Aa1 ratings on approximately $590 million of outstanding GARVEEs.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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