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S&P upgrades Ohio bond rating
By: Bill O'ReillyJuly 18, 2011
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STORY EXCERPT
Cleveland Plain Dealer: Standard & Poor's Ratings Services upgraded Ohio's credit outlook on Friday, a forecast that bodes well for the economically challenged state's future borrowing needs. S&P kept the state's rating at AA+, but improved the outlook from negative to stable. The change means S&P expects Ohio to be a better credit risk going forward, said Kasich spokesman Rob Nichols, and if the state's rating is eventually upgraded to AAA, the highest rating, that should mean lower costs of borrowing and a savings to taxpayers.
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