Columbus Dispatch: Ohio investment fund retains top rating while others are downgraded
By Alan Johnson
The Columbus Dispatch - September 08, 2011
Ohio Treasurer Josh Mandel said the state's STAR Ohio investment fund has maintained the highest possible rating, AAAm, from Standard & Poor’s rating agency. The fund is invested by the treasurer for contributing school districts and local governments.
"Even amidst global economic uncertainty and a historic downgrade of the U.S. credit rating, Ohio has maintained and improved our top credit ratings due to conservative management of taxpayer dollars," Mandel said. "Our investment strategy focuses first on security and liquidity, while ensuring that local government subdivisions can pool together to generate positive returns on taxpayer dollars."
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