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Sedgwick County, Kansas; General Obligation; General Obligation Equivalent Security Jul 12
Standard & Poors, July 2012
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Sedgwick County, Kan.'s series 2012A general obligation (GO) bonds. Standard & Poor's also assigned its 'AAA' long-term rating, and stable outlook, to Sedgwick County Public Building Commission (PBC), Kan.'s series 2012-1 refunding revenue bonds, issued on behalf of Sedgwick County. In addition, Standard & Poor's affirmed its 'AAA' long-term rating on the county's existing general obligation (GO) debt. The outlook is stable. The 'AAA' rating reflects what we view as the county's: Deep economic and employment base in the Wichita, Kan., metropolitan statistical area (MSA), albeit with some concentration in the aircraft manufacturing industry; Conservative and sophisticated financial management policies that include long-range budget and capital...
Companies mentioned in this report are: Sedgwick Cnty,Sedgwick Cnty Pub Bldg Comm
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
Sedgwick Cnty,Sedgwick Cnty Pub Bldg Comm