The 'A+' issuer credit rating (ICR) assigned to Johnson County School District R-VI (Warrensburg), Mo.'s series 2009A and 2009B general obligation (GO) bonds reflects Standard&Poor's Ratings Services' opinion of the district's: Participation in the stable Warrensburg economy, anchored by a state university and a nearby military base, with some manufacturing and cross participation with the diverse Kansas City economic base; Very strong, though decreasing, unreserved fund balance, on a modified cash basis; and Low overall net debt, including authorized but unissued debt. District residents' adequate wealth and income levels, taking into account the presence of a university, which suppresses income and wealth levels, temper these strengths. The 'AA+' long-term rating assigned to the series 2009A and 2009B bonds
