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Summary: Johnson County Public Building Commission, Kansas Johnson County; General Obligation; General Obligation Equivalent Security Mar 11 Product Image

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

Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable

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Note: Product cover images may vary from those shown

- Johnson Cnty
- Johnson Cnty Pub Bldg Comm

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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