Wichita, KS' GO Bonds Rated 'AA'; Temporary Notes Rated 'SP1+'; Outlook Stable Jan 02
Standard & Poors, January 2002
Abstract
NEW YORK (Standard & Poor's) Jan. 8, 2002--Standard & Poor's today assigned its double-'A' rating to Wichita, Kan.'s $6.39 million GO bonds series 768 due to Sept. 1, 2017 and to the city's $9.67 million GO bonds series 769 due June 1, 2012 and $46 million GO sales tax bonds series 2002 due April 1, 2017. In addition, Standard & Poor's assigned its 'SP1'-plus rating to the city's $53.355 million GO renewal and improvement temporary notes due Aug. 22, 2002. At the same time, Standard & Poor's affirmed its double-'A' and 'SP1'-plus rating on the city's GO bonds and notes outstanding, respectively. The 'SP1'-plus rating reflects: -- Strong market access, -- The city's GO pledge, and -- The city's strong...
Companies mentioned in this report are:
- Wichita
Action: New Rating
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.
Wichita
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