Summary: Lenexa, Kansas; General Obligation Jun 12

Standard & Poors, June 2012

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to Lenexa, Kan.'s series 2012A general obligation (GO) bonds and series 2012B GO refunding bonds and affirmed its 'AA+' rating, with a stable outlook, on the city's existing GO debt. The rating reflects our opinion of the city's: Stable local and regional economy, which fully participates in the broad and diverse Kansas City metropolitan statistical area; Very strong wealth and income; and Very strong finances. We believe what we consider the city's elevated debt service carrying charges and additional debt-financed capital needs somewhat offset these strengths. An unlimited ad valorem property tax pledge secures the bonds. Officials primarily intend to use series 2012A bond proceeds to finance various...

Companies mentioned in this report are: Lenexa
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

Lenexa

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