Johnson Co. USD 231, Kan., Upgraded to AA-Minus by S&P

Standard & Poor's Ratings Services said it raised its long-term and underlying ratings on Unified School District Johnson County No. 231 (Gardner-Edgerton), Kan.'s existing general obligation debt to AA-minus from A-plus.

At the same time, Standard & Poor's assigned its AA-minus long-term rating to the district's series 2015-A GO refunding bonds. The outlook on all ratings is stable.

"We base the upgrade on the district's improved cash position as a result of the district's prudent management, which has demonstrated its commitment to maintain structurally balanced operations," said Standard & Poor's credit analyst Ann Richardson. 

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