Wyandotte County/Kansas City Unified Government, Kansas; Combined Utility Sep 08
- ID: 1793361
- September 2008
- Region: Kansas
- Standard & Poors
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
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Research Type: Full Analysis