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S&P upgrades Kingman County’s bond rating

  • The Wichita Eagle
  • Published Thursday, Dec. 19, 2013, at 8:26 a.m.

Standard & Poor’s Ratings Services has raised Kingman County’s bond rating to AA- from A following a review of the county’s Public Building Commission, Outstanding Refunding Revenue Bonds, Series 2012.

Piper Jaffray, the county’s financial adviser, said only four other Kansas counties – Douglas, Riley, Reno and Leavenworth counties – have a reached a AA rating. Sedgwick and Johnson counties are the only two with AAA ratings, Kingman County officials said in a statement.

The higher rating means that on a $10 million bond the higher rating would save the county nearly $500,000 of interest expense over 20 years, according to Piper Jaffray.

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