Bond Rating Improvement Continues: S&P Upgrades City's Rating

Citing Olathe's very strong financial management, continued economic diversification through on-going commercial and industrial development, and strong financial performance among other issues, the Standard and Poor's Rating Agency has upgraded Olathe's bond rating to a AA+, the second highest rating possible.

The agency's action marks the City's fourth upgrade since 1999, making it one of few municipal governments to achieve such high ratings (estimated less than 5 percent).  During that time, the City's rating by Moody's also improved from an Aa3 to an Aa2.

Standard & Poor's states, "In the face of ongoing growth and revenue contractions due to economic cycles, Olathe's finances remain sound due to management's willingness to make budget adjustments to alleviate a structural budget imbalance."

Much like a personal credit score, a government's bond rating plays is essential to securing the most favorable interest rates possible.  Bond ratings speak to a community's financial health, and favorable bond ratings result is tax dollar savings through lower interest rates.

Standard and Poor's noted that Olathe's outlook is strong and believes the City will effectively weather the current economic downtown as it did in 2002.

Standard and Poors Bond Ratingn Report for Olathe.