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BRIEF-S&P says Cleveland bond ratings raised to 'AA+' on strong coverage
May 24, 2017 / 5:47 PM / 6 months ago

BRIEF-S&P says Cleveland bond ratings raised to 'AA+' on strong coverage

May 24 (Reuters) - S&P Global Ratings

* s&p says cleveland bond ratings raised to ‘aa+’ on strong coverage

* s&p on cleveland - rating action reflects view of city’s growth in income tax revenue, passage of an income tax rate increase in nov 2016

* s&p - stable outlook reflects expectation cleveland's income tax collections will remain sufficient due to ongoing economic growth and development Source text (bit.ly/2qksXb4)

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