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Olathe, Kansas; General Obligation; Note Apr 11 Product Image

Olathe, Kansas; General Obligation; Note Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Olathe, Kan.'s series 218 general obligation (GO) bonds and series 219 GO refunding bonds, and assigned its 'SP-1+' short-term rating to the city's series 2011-A GO temporary notes. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on the city's previously issued GO debt. The outlook is stable. The ratings reflect our view of the city's: Participation in the Kansas City MSA, along with economic diversification through ongoing commercial and industrial development; Very strong income levels and strong wealth levels; Establishment of policies and procedures to address continued growth in a controlled fashion; Very strong financial position, despite recent revenue declines related...

Companies mentioned in this report are:
- Olathe

Action: New Rating

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Olathe

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