Summary: Augusta, Kansas; General Obligation; General Obligation Equivalent Security; Note

Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Augusta, Kan.'s series 2015A general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA-' long-term rating (SPUR) on the city's outstanding GO debt. Finally, Standard&Poor's affirmed its 'SP-1+' short-term rating on the city's GO notes. The outlook on the long-term rating is stable. The bonds are secured by the city's full faith and credit pledge. Bond proceeds will be used to refund and retire the remaining portion of the city's series 2013 temporary notes and to finance the acquisition of sanitary trucks and equipment. The 'AA-' rating reflects our assessment of the following credit factors of the city: Weak economy, with market value

...Standard & Poor's Ratings Services assigned its '##-' long-term rating to Augusta, Kan.'s series 2015A general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its '##-' long-term rating (SPUR) on the city's outstanding GO debt. Finally, Standard & Poor's affirmed its 'SP-1+' short-term rating on the city's GO notes. The outlook on the long-term rating is stable. The bonds are secured by the city's full faith and credit pledge. Bond proceeds will be used to refund and retire the remaining portion of the city's series 2013 temporary notes and to finance the acquisition of sanitary trucks and equipment. The '##-' rating reflects our assessment of the following credit factors of the city:...

Summary