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Olathe, Kansas; Appropriations; General Obligation May 09 Product Image

Olathe, Kansas; Appropriations; General Obligation May 09

  • ID: 1721332
  • May 2009
  • Region: Kansas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Olathe, Kan.'s series 212 and series 213 general obligation bonds (GO). At the same time, we affirmed our 'AA+' long-term rating and underlying rating (SPUR) on the city's general obligation (GO) bonds outstanding. The ratings reflect our view of the city's: Participation in the strong Kansas City metropolitan statistical area (MSA); Economic diversification through ongoing commercial and industrial development; Very strong wealth and income levels; Establishment of policies and procedures to ensure it will address continued growth in a controlled fashion; and Very strong financial performance. The city's GO pledge secures the bonds. Located 20 miles southwest of Kansas City, Mo., Olathe has grown as the...

Companies mentioned in this report are:
- Olathe

Action: New Rating

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Research Type: Full Analysis

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Olathe

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