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...
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