- Published: May 2012
Wichita, Kansas; General Obligation Jul 10
- Published: July 2010
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Wichita, Kan.'s series 801, 802, 802A, and 802B general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) on Wichita's outstanding GO debt. The outlook is stable. The ratings, in our opinion, reflect the city's: Status as a regional trade center with a manufacturing- and service-based economy, although, there is concentration in aircraft-manufacturing employment; Strong general fund reserves; Conservative and sophisticated financial management policies that include long-range budget and capital plans; and Low overall debt burden. The bonds are secured by an unlimited ad valorem property tax pledge. Officials plan to use the bond proceeds for multiple capital improvements in...
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Action: New Rating
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