Standard&Poor's Ratings Services assigned its 'A-' standard long-term rating, and stable outlook, to Johnson County Unified School District No. 231, Kan.'s series 2006B GO refunding and improvement bonds and affirmed its 'A-' Standard&Poor's underlying rating (SPUR), with a stable outlook, on the district's preexisting GO debt. The ratings reflect the district's: Expanding local economy, which participates in the broad and diverse Kansas City MSA; Healthy assessed valuation (AV) growth; Above-average income levels; and Adequate financial position, given the state educational funding system. Offsetting factors include the district's: Above-average taxpayer concentration; and High debt burden, coupled with further enrollment-driven capital needs. The district's full faith and credit pledge secures the bonds. Johnson County Unified School District No.
