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Summary: Wichita, Kansas; General Obligation Dec 11

  • ID: 2038822
  • December 2011
  • Region: Kansas
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Wichita, Kan.'s series 803 general obligation (GO) bonds and series 808 GO bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on Wichita's GO debt outstanding. The outlook on all ratings is stable. The ratings reflect our opinion of the city's: Status as a regional trade center and manufacturing- and service-based economy, although there is concentration in aircraft manufacturing; Strong general fund reserves; Conservative and sophisticated financial management policies that include long-range budget and capital plans; and Moderate overall net debt burden. The bonds are secured by the city's full faith and credit pledge, which includes the pledge of an unlimited...

Companies mentioned in this report are:
- Wichita

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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