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Moody’s reaffirms Prairie Village’s Aaa rating

Post Date:04/22/2016 12:37 PM
Moody’s bond rating agency has assigned the premier rating of ‘Aaa’ to the upcoming General Obligation Bonds for the Meadowbrook Park project. The designation speaks to the financial condition, stability, and leadership of Prairie Village. A press release from Moody’s is available here. Moody’s references the city’s “strong financial position, low debt and pension burdens, favorable Johnson County (Aaa stable) location and above-average resident wealth levels” as the justification for the assignment.  

City Council will consider approval of the General Obligation and Special Obligation Bond Sale for the Meadowbrook Park project at their upcoming meetings on April 25 and May 2, 2016. Following the bond sale, the park property will be purchased with construction anticipated to begin in summer 2016. For details visit pvkansas.com/meadowbrook.
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