• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Lenexa, Kansas; General Obligation Jun 12
Standard & Poors, June 2012
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: 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.