The city periodically issues general obligation bonds to finance capital projects approved in the Capital Improvement Program (CIP). When issuing general obligation bonds, the city applies for credit ratings from two rating agencies: Moody’s Investors Service and Standard & Poor’s Ratings Services. The ratings provided by these agencies are their opinions of the city’s overall financial capacity to pay its financial obligations as they come due.
Lenexa’s current general obligation bond credit ratings are listed below:
- Moody’s Investors Service: Aaa (best possible rating)
- Standard & Poor’s Ratings Services: AA+ (one notch below the best rating of AAA)
Please contact Finance Director Doug Robinson if you have any questions about the city’s credit ratings.