The state of Kansas might not be faring so well with a recent downgrade, but Sedgwick County has maintained the highest bond ratings from Fitch Ratings, Moody’s Investors Service and Standard and Poor’s Rating Services.
A news release from the county said the county has a stable financial outlook “reaffirmed” by the best possible ratings it could have received.
Fitch praised the county for prudent management. Moody’s said the county had “well-managed financial operations characterized by ample reserves and conservative budgeting practices.” Standard and Poor’s said the county had “very strong management supported by strong financial management policies.”
Standard & Poor’s earlier this month lowered Kansas’ bond rating to AA from AA+, citing the state’s unbalanced budget caused by income tax cuts signed into law in 2012.