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Wichita, Kansas; General Obligation Jul 10 Product Image

Wichita, Kansas; General Obligation Jul 10

  • Published: July 2010
  • Standard & Poors

FEATURED COMPANIES

Abstract
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...

Companies mentioned in this report are:
- Wichita

Action: New Rating

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Wichita

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