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Wyandotte County/Kansas City Unified Government, Kansas; Combined Utility Sep 08 Product Image

Wyandotte County/Kansas City Unified Government, Kansas; Combined Utility Sep 08

  • ID: 1793361
  • September 2008
  • Region: Kansas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A+' standard long-term rating to Wyandotte County/Kansas City Unified Government, Kan.'s utility system revenue bonds, reflecting: A stable service area with potential for growth driven by residential and commercial development; Good financial performance, supported by management's financial targets for debt service coverage (1.6x-2.1x) and liquidity (60 days of working capital); Good management; and Good system operations, including ownership of relatively low-cost coal-fired base load power plants. Sizeable capital needs and uncertainty challenges regarding the cost of securing future base load requirements and a somewhat concentrated customer base limit these strengths. A business profile of '4' (on a '10'-point scale, with '1' representing the least risk) has been assigned to the board based on...

Companies mentioned in this report are:
- Wyandotte Cnty / Kansas City Unif Govt

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: Full Analysis

- Wyandotte Cnty / Kansas City Unif Govt

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