S&P Global Ratings assigned its 'AA-' rating and stable outlook to Wamego, Kan.'s approximately $770,000 series 2022 general obligation (GO) bonds. The city's full-faith-credit-and-resources pledge and agreement to levy ad valorem property taxes, without limitation as to rate or amount, secure the GO bonds. We understand officials intend to use series 2022 bond proceeds to purchase a fire truck. The roughly two-square-mile Wamego encompasses residential, commercial, and industrial sectors in the fastest-growing county in the state, according to management. Although there have been no new major industries or commercial entities during the past five years, local businesses have experienced significant growth with continued expansion planned. The city's tax base has benefited from consistent annexations of new housing developments. Direct debt
