Fitch gives AA to Ohio facilities bonds

Fitch Ratings said it assigned an AA rating to $124.62 million of State of Ohio (Ohio Building Authority) bonds, consisting of $50 million of state facilities bonds (administrative building fund projects), 2008 series A; $24.62 million of state facilities refunding bonds (administrative building fund projects, 2008 series B; and $50 million of state facilities bonds (adult correctional building fund projects), 2008 series A.

Sale of the bonds is expected by negotiation on Feb. 27.

Fitch also said it affirmed its AA rating on about $2.5 billion of outstanding appropriation bonds of the state and certain agencies.

The outlook is stable.

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