Overland Park, Kansas; General Obligation Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating to Overland Park, Kan.'s series 2011A general obligation (GO) internal improvement bonds and series 2011B GO internal improvement refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating on the city's existing GO debt. The outlook is stable. The rating continues to reflect our opinion of the city's: Sound and diversified economic base, which has shown resilience and stability despite the current recession; Very strong financial position that is boosted by strong financial management; Low tax rate that is significantly below neighboring cities, which provides significant future revenue raising flexibility, if necessary; and Moderate overall debt levels with limited future capital needs to be funded through the issuance...
Companies mentioned in this report are:
- Overland Park
Action: New Rating
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.
Research Type: Full Analysis
- Overland Park
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