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Summary: Olathe, Kansas; Appropriations; General Obligation May 09
Standard & Poors, May 2009
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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
Action: Outlook: Stable