- Language: English
- Published: October 2012
- Region: Kansas
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:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >