S&P raises rating on Kauai muni bonds to 'AA'
Standard & Poors Ratings Services has raised its rating on Kauaçi County outstanding general obligation bonds to AA, its third-highest rating for municipal bonds.
The ratings agency also assigned an AA rating to the countys $120 million general obligation bond sale thats expected in early March. Standard & Poors said the ratings upgrade related to Kauaçis strong financial performance and its reserve position.
Fitch Ratings assigned an AA- rating Kauaçi bonds that will be sold and upgraded its outstanding general obligation debt to AA- from A+.