S&P Global Ratings assigned its 'AA-' rating to Wamego, Kan.'s anticipated $7.8 million series 2023 general obligation (GO) temporary notes. At the same time, we affirmed our 'AA-' rating on the city's GO bonds outstanding. The outlook is stable. The notes and bonds are payable from the city's full-faith-credit-and-resources pledge, unlimited ad valorem property tax levy, or special assessments levied on properties that benefit from proceed-paid improvements. However, we rate the bonds based on the city's unlimited-tax GO pledge. We understand officials intend to use the series 2023 notes to purchase street projects. The notes are also payable from the issuance of GO bonds. However, we understand the city does not intend to issue bonds to repay the notes. The
