Moody’s issues bond rating and warning to Unified Government

02/27/2013 10:31 PM

05/16/2014 9:18 PM

Moody’s Investors Service has assigned an Aa3 rating to $10.1 million in revenue bonds for the Unified Government of Wyandotte County and Kansas City, Kan.

Proceeds from the bonds will be used to finance costs associated with emergency communications facilities.

The agency said the rating partly reflects the Unified Government’s large tax base made up of continuing “commercial development that has begun to stabilize, revenue raising flexibility and an improved financial position.”

However, the rating agency also posted a negative outlook on the Unified Government’s long-term debt.

Moody’s said the outlook “reflects the multi-year declining trend in general fund reserves through fiscal 2010, with a slight rebound in fiscal 2011, the last year for which audited financial results are currently available.”


Join the discussion

is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service