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Wyandotte County/Kansas City Unified Government, Kansas; Tax Secured, General Obligation Nov 05

Description:
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Wyandotte County/Kansas City Unified Government, Kan.'s series 2005A GO refunding bonds based on the unified government's unlimited-tax pledge. Although all past and current debt issues and issuances in the future remain a GO of the unified government, the property tax base, subject to the unlimited-tax pledge, will vary because the unified government might issue as a city, applying to the former Kansas City, Kan. property tax base, or as a county, applying to the slightly larger countywide property tax base. We do not differentiate between the two pledges. Underlying credit factors continue to include: A steadily expanding and diversifying economy participating in the Kansas City MSA, A...

Companies mentioned in this report are:
- Wyandotte Cnty / Kansas City Unif Govt

Action: New Rating

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: Full Analysis
Companies Mentioned
- Wyandotte Cnty / Kansas City Unif Govt
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Wyandotte County/Kansas City Unified Government, Kansas; Tax Secured, General Obligation Nov 05

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