Wichita, KS' GO Bonds Assigned 'AA+' Rating Jan 11
Standard & Poors, January 2011
Abstract
DALLAS (Standard & Poor's) Jan. 7, 2011--Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Wichita, Kan.'s series 2011A general obligation (GO) airport bonds, series 2011B GO airport bonds (subject to alternative minimum tax), and series 804 GO bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on Wichita's outstanding GO debt. 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, strong general fund reserves, and conservative and sophisticated financial management policies that include long-range budget and capital plans," said Standard & Poor's credit analyst Russell Bryce. Officials plan to use the series...
Companies mentioned in this report are:
- Wichita
Action: Affirmed
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.
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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