Wichita suburb Kechi was recently notified by Standard and Poor’s Ratings Services that it received an A-plus credit rating after applying for a rating for the first time, according to a news release.
The rating for Kechi, a rural-suburban community of about 2,000 residents just north of Wichita, signifies the city’s stable financial backing, according to the release.
“The city’s bond rating is an excellent rating,” said financial adviser Dustin Avey of Piper Jaffray, who guides the city on financial matters. “It compares favorably to other cities of similar size. The rating reflects Kechi’s focus on budgeting and management practices.”
In the release, Kechi Mayor Ed Parker stated that the rating points to recent housing and business developments that “reflect the rising interest in Kechi as a place to live and work.”