Standard & Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Wyandotte County Unified School District No. 500 (Kansas City), Kan.'s series 2011A certificates of participation (COPs) qualified school construction bonds (QSCBs). At the same time, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's general obligation debt and its 'A+' long-term rating, with a stable outlook, on the district's existing COPs. The 'A+' rating reflects our view of the district's: Strong general credit characteristics, as lessee; and Best efforts to annually budget and appropriate lease payments. Revenues derived from rental payments by the district, in a lease-purchase agreement with Security Bank of Kansas City, as lessor,...
Companies mentioned in this report are:
- Wyandotte Cnty Unif Sch Dist #500-Kansas City
Action: New Rating
Action: Outlook: Stable
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