• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Wichita, Kansas; General Obligation Jul 10
Standard & Poors, July 2010
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:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.