Parsons, KS' GO Bonds Assigned 'A' Rating Dec 11
Standard & Poors, December 2011
Abstract
DALLAS (Standard & Poor's) Dec. 15, 2011--Standard & Poor's Ratings Services assigned its 'A' long-term rating to Parsons, Kansas' series A 2012 general obligation (GO) bonds. The outlook is stable. "The rating reflects our view of the city's role as a regional hub for a portion of southeast Kansas and strong financial position on a cash basis," said Standard & Poor's credit analyst Lauren Spalten. Bond proceeds will be used to refund a portion of the city's outstanding GO obligations for savings purposes. RELATED CRITERIA AND RESEARCH USPF Criteria: GO Debt, Oct. 12, 2006...
Companies mentioned in this report are:
- Parsons
Action: New Rating
Action: Outlook: Stable
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.
Parsons
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