JobsOhio receives high ratings on bonds to be used to lease Ohio’s liquor business
On Tuesday, Standard & Poor’s applied an “AA” rating and Moody’s Investors Service Inc. applied an “A2” rating for bonds that JobsOhio intends to issue this year to finance the lease of “the state’s liquor business for 25 years in return for an up-front payment of $1.2 billion to the state,” Columbus Business First and a press release from JobsOhio report. Although this moves the entity one step closer toward acquiring its funding stream, it may still face delays as the group ProgressOhio continues to challenge the legal standing of JobsOhio, asking the Ohio Supreme Court to hear its arguments, Columbus Business First reports. For more, read the full story and the press release.
