Summary: Johnson County Public Building Commission, Kansas Johnson County; General Obligation; General Obligation Equivalent Security Mar 11
- ID: 1577077
- March 2011
- Region: Kansas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Johnson County Public Building Commission, Kan.'s series 2011A lease purchase revenue bonds, issued on behalf of Johnson County. Standard & Poor's also affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the commission's lease purchase revenue bonds outstanding, supported by the county. The outlook on all ratings is stable. Annual base rentals secure the bonds and constitute an unconditional obligation of the county. Johnson County has agreed to pay the trustee rentals under the lease, which is not subject to annual renewal. Given the county's unlimited pledge as security for the bonds, the county is responsible for levying taxes, if necessary, to pay debt service on these bonds....
Companies mentioned in this report are:
- Johnson Cnty
- Johnson Cnty Pub Bldg Comm
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >