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Wichita, Kansas; General Obligation, Local GO; General Obligation, Local Note Jan 01 Product Image

Wichita, Kansas; General Obligation, Local GO; General Obligation, Local Note Jan 01

  • ID: 2039008
  • January 2001
  • Region: Kansas
  • Standard & Poors

Abstract
The rating on Wichita, Kan.'s GO notes reflects the city's: Strong market access, GO pledge, and Strong overall credit strength. State law requires that long-term, take-out GO debt be authorized before issuance of temporary notes, which is a structural credit strength. The long-term GO bond rating reflects the city's: Role as a regional trade center with a manufacturing- and service-based economy, Good financial management, and Moderate debt burden. Offsetting credit factors include high debt carrying charges and aircraft manufacturing employment concentration. Located in south-central Kansas, with a population of 330,000, Wichita is Kansas' largest city. The manufacturing base is centered on aircraft manufacturing; but health care services, higher education, and government round out the employment base of this regional hub....

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: Full Analysis

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