Kansas City Hypes 'AA' Credit Rating

Recently, 12th & Oak concocted a bit of good news that didn't resonate with most people

However . . . 

It makes sense to share for Monday . . . Even better . . . The most KICK-ASS denizens of our blog community ask: 

Why Not AAA?!?!

That's a good question that WON'T be answered in this presser copy . . .

“Kansas City receiving an AA credit rating and continuing to remain in our strongest fiscal position ever is a testament to the great strength and productiveness of our local government.  Not only does our rating indicate we have strong financial performance, but it sends a clear message to investors and businesses that our community is a stable place to grow and succeed,” said Mayor Quinton Lucas. “I applaud our Finance Department and dedicated workforce for working behind the scenes to maintain our fiscal strength. We will continue to work to build a brighter financial future for Kansas City.”

“Kansas City is at our strongest fiscal position ever with record high cash reserves, even after weathering the economic downturn related to the COVID-19 pandemic.  We are so thankful for our incredible finance and budget team for finding creative ways to improve service delivery, launch new programs, and maintain our solid foundation,” said City Manager Brian Platt.

Read more via www.TonysKansasCity.com link . . .

KCMO: Fitch Upgrades Kansas City's Credit Ratings to 'AA' with Stable Outlook

Developing . . .