S&P Global Ratings assigned its 'AA-' rating to Augusta, Kan.'s proposed $5.88 million series 2022A taxable general obligation (GO) refunding bonds. The outlook is stable. At the same time, we have affirmed our 'AA-' rating on the city's GO obligations outstanding. The outlook is stable. Augusta's full faith and credit pledge, including ad valorem taxes levied without limitation as to rate or amount on all taxable tangible property, both real and personal, within the city's territorial limits, secures the GO bonds as well as the GO debt outstanding. Proceeds from the bonds will refund existing debt for interest cost savings. After this issuance, the city will have $17.2 million in debt outstanding, including GO debt, loans, and capital leases. Overall,
