(Sedgwick County, Kan.) – In a recent analysis, S&P Global Ratings awarded Sedgwick County its highest credit worthiness rating of AAA, with a stable financial outlook. The report based this determination on several findings within Sedgwick County and its Division of Finance:
- Extensive planning and budget analysis
- Exceptional financial management and transparency
- Stable revenue growth
- Solid reserves and liquidity
- Manageable debt (low burden) and liabilities profile
S&P Global Ratings also considered regional factors, including:
- Sedgwick County is second most populous county in Kansas
- Local economy is robust, with higher per capita output than the state
- Large employment base includes aerospace, higher education and government sectors
- Primary source of revenue (property taxes) is stable and predictable
Sedgwick County requested S&P’s credit rating analysis as part of a proposed $15.2 million series of 2024 general obligation (GO) bonds. The report also took the County’s outstanding GO bonds debt into account and concluded that “…we expect Sedgwick County to maintain exceptionally strong credit quality during the two-year outlook horizon.”
“I am so proud of my team,” said Sedgwick County Chief Financial Officer Lindsay Poe Rousseau. “While it is gratifying to see our many years of outstanding financial performance validated by S&P, it is more important that our citizens know that Sedgwick County has the staff and processes in place to manage their tax dollars wisely.”
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