S&P issues favorable rating on Unified Government bonds

03/01/2013 4:38 PM

05/16/2014 9:20 PM

Standard & Poor’s Corp. has assigned an investment grade AA rating on Unified Government revenue bonds, and the agency also issued a stable outlook rating on long-term debt.

S&P said its rating outlook “reflects our expectation that given the Unified Government’s revenue-raising flexibility, we expect that management will continue to take the steps necessary to maintain at least good reserves.”

The agency noted, however, that a “higher overall debt burden and lagging economic characteristics, with below-average wealth and income levels, preclude a higher rating within the two-year outlook horizon.”

Earlier this week, Moody’s Investors Service assigned an Aa3 rating to the revenue bonds of the Wyandotte County/Kansas City, Kan., governing body. Moody’s also issued a negative outlook on long-term debt.


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