Sedgwick County maintains highest bond ratings

08/19/2014 1:38 PM

08/19/2014 1:38 PM

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.

Reach Deb Gruver at 316-268-6400 or dgruver@wichitaeagle.com. Follow her on Twitter: @SGCountyDeb.

Nation & World Videos

Join the Discussion

The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service