County’s High Credit Rating Reaffirmed
(Sedgwick County, Kan.) – Sedgwick County has received the highest credit worthiness rating of AAA from S&P Global.
Reported strengths include management practices, the County’s budget performance, fund balance levels/ ratios, the County’s liquidity, and its debt and contingent liability (a low debt limit).
“Outside of our annual financial audits, this is an excellent way to provide assurance to our citizens as to the financial standing and management of the organization,” said Chief Financial Officer Lindsay Poe Rousseau. “This couldn’t happen without the Commission, County leadership, and support of the great Finance staff.”
In September, Sedgwick County received the highest credit worthiness rating from Moody’s – an Aaa rating which is above the median rating of Aa2 for US counties. Positive influencing factors cited included a solid financial position, an extensive and improving tax base, and a healthy wealth and income profile. The Moody’s rating also reflects an affordable debt burden which has decreased from 2014 to 2018.