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....
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Action: New Rating
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