Summary: Belton, Missouri; Appropriations; General Obligation

Standard & Poors, April 2011

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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.

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating and stable outlook to the City of Belton, Mo.'s series 2011 general obligation (GO) refunding and improvement bonds. At the same time, Standard & Poor's affirmed its 'A+' issuer credit rating (ICR) on the city, its 'A+' long-term rating on the city's outstanding GO bonds, and its 'A' long-term rating on the city's appropriation-secured debt. The 'A+' long-term rating reflects our view of the city's: Stable local tax base that is enhanced by participation within the diverse Kansas City metropolitan area economy; Good income indicators; and Good financial management practices that support strong reserve levels. Lessening these strengths are the city's high debt burden and debt service carrying charges....

Companies mentioned in this report are: Belton,Belton/Raymore Interchange Transp Dev Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Belton,Belton/Raymore Interchange Transp Dev Dist

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