Kansas Development Finance Authority's Series 2010 SRF Revenue Bonds Rated 'AAA'
Standard & Poors, November 2010
Abstract
DALLAS (Standard & Poor's) Nov. 19, 2010--Standard & Poor's Ratings Services has assigned its 'AAA' rating, and stable outlook, to Kansas Development Finance Authority's (KDFA) series 2010 SRF-1, SRF-2, and SRF-3 revenue bonds. We have also affirmed the 'AAA' rating on the authority's water pollution control and public water supply bonds outstanding. KDFA is issuing about $232 million of bonds to (1) refund a portion of its water pollution control bonds and public water supply bonds outstanding, and (2) make new loans for clean water projects. "The 'AAA' rating on the bonds outstanding reflects our assessment of the large size and diversity of each program's loan portfolio, providing security for the bonds," said Standard & Poor's credit analyst James Breeding....
Companies mentioned in this report are: Kansas Dev Fin Auth
Action: Affirmed
Action: New Rating
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Kansas Dev Fin Auth
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