Summary: Kansas City Industrial Development Authority, Missouri Kansas City; Appropriations; General Obligation; General Obligation Equivalent Security May 11
- ID: 1784371
- May 2011
- Region: Kansas, Missouri
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Kansas City Industrial Development Authority, Mo.'s series 2011A refunding revenue bonds, supported by Kansas City, reflecting the city's pledge to pay debt service, subject to annual appropriation, to the extent pledged revenues are insufficient. Standard & Poor's also affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's parity special-obligation bonds, ultimately secured by the city's pledge to pay debt service, subject to annual appropriation. In addition, Standard & Poor's affirmed its 'AA' long-term rating and SPUR, with a stable outlook, on the city's general obligation (GO) debt. The city's full-faith-and-credit pledge secures the GO debt. The 'AA' rating reflects...
Companies mentioned in this report are:
- Kansas City
- Kansas City Indl Dev Auth
Action: New Rating
Action: Outlook: Stable
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