S&P Global Ratings assigned its 'AA-' long-term rating to Augusta , Kan.'s approximately $7.885 million series 2025 general obligation (GO) bonds. At the same time, we affirmed our 'AA-' long-term rating on the city's existing general obligation bonds. The outlook is stable. The city's full faith and credit, including revenue from ad valorem taxes that may be levied without legal limitation as to rate or amount on all taxable tangible property, real and personal, within the city limits, secures the 2025 GO bonds and GO bonds outstanding. Bond proceeds will fund the construction of new and replacement facilities and water metering infrastructure. The rating reflects our view of Augusta's limited but growing economy, offset by its proximity to Wichita and
