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Standard & Poor’s give ‘A+’ rating to City’s upcoming Sewerage System Bonds

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Congratulations!  Standard & Poor’s has assigned a rating of ‘A+’ to the City’s upcoming Sewerage System Refunding Revenue Bonds.  This is a very strong rating for a fully developed community of Raytown’s size.  Thank you governing body. This very strong rating from S&P is an indication that the city’s finances are in good shape and this administration is adhering to a prudent fiscal policy.

 

Standard & Poor’s Ratings Services has assigned its ‘A+’ rating to Raytown, Mo.’s 2013A sewerage system refunding bonds. The outlook is stable.Rationale:

 The rating reflects our view of the following factors:

· Raytown’s participation in the Kansas City, Mo., economic base, providing city residents access to a deep economy;

· The system’s good financial maintenance, in terms of annual debt service coverage and liquidity; and

· The city’s representation of minimal capital needs, which will help to partially mitigate a high debt-to-plant ratio.

  Mahesh Sharma, M.P.A., ICMA-CM, P.E.

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