Standard&Poor's Ratings Services raised its long-term rating to 'A+' from 'A' on Wamego, Kan.'s existing general obligation (GO) debt, based on our recently released local GO criteria. The outlook is stable. At the same time, Standard&Poor's assigned its 'A+' rating and stable outlook to the Wamego Public Building Commission, Kan.'s series 2013 revenue refunding bonds, supported by Wamego. Annual base rental payments, which Wamego agrees to pay the commission and which are payable by the city under the lease but not subject to annual renewal by the city, secure the bonds and constitute an unconditional obligation of Wamego; the city must levy ad valorem taxes, if necessary, to pay debt service on the bonds. Furthermore, according
