Learn about the university's credit ratings, read our annual update to bondholders, view our quarterly reports and learn answers to frequently asked questions.
Credit Ratings and Reports
The table below provides the most recent credit report for the credit ratings that have been assigned by the three major credit rating agencies: Fitch Ratings, Moody’s Ratings, and S&P Global Ratings, exclusive of any credit enhancement that may be attached to a particular bond issue, along with the most recent credit report by each of those three agencies.
The ratings and ratings outlooks in effect from time to time reflect only the views of the particular rating organization. The explanation of its views of the meaning and significance of its rating or outlook may be obtained from the respective rating agency. The University furnished to each rating agency certain information and materials, some of which may not be included in the Official Statement, relating to the Bonds and other obligations, the state and the Commission. Generally, rating agencies base their ratings on that information and materials, and on their own investigations, studies and assumptions.
There can be no assurance that the ratings or outlooks assigned will continue for any given time, or that a rating will not be lowered or withdrawn by a rating agency if in its judgment circumstances so warrant. Any downward change in or withdrawal of a rating, or change in rating outlook or other actions of a rating agency, may have an adverse effect on the marketability and market price of the Bonds.
| Rating Type | Fitch | Moody’s | S&P Global |
|---|---|---|---|
General Receipts – Long Term | AA+ | Aa1 | AA+ |
General Receipts – Short Term | F1+ | N/A | A-1+ |
Annual Information (Bondholder Update) & Annual Financial Reports (Audited)
Quarterly Update to Bondholders (Voluntary)
Interim Financial Reports (Preliminary and Unaudited)
Frequently Asked Questions
What does it mean when a bond is "tax-exempt"?
Tax-exempt means that the interest paid on the bond is exempt from federal income taxes and from Ohio personal income taxes. Not all university bonds are "tax-exempt".
For additional information about the tax status of specific bonds, read the "Tax Matters" section of the official statement for those bonds.
What does it mean when a bond is "taxable"?
Taxable means that the interest you earn on the security is not exempt from federal income taxes and may or may not be exempt from state personal income taxes. For additional information about the tax status of specific bonds, read the "Tax Matters" section of the official statement for those bonds.