--Approximately $6.3 million general obligation (GO) bonds, series 2009A;

--$3.7 million taxable GO bonds, series 2009B (Build America Bonds - Direct Payment);

--$18.8 million GO refunding bonds, series 2009C.

The bonds are scheduled for a competitive sale on Nov. 4, 2009. The series 2009A and B bonds will fund various public improvement projects. The series 2009C bonds will current refund all or a portion of series 1998 and 1999 outstanding bonds for debt service savings. In addition, Fitch affirms the 'AAA' ratings on the Sedgwick County Public Building Commission's approximately $83.9 million outstanding revenue bonds and the county's approximately $70.2 million outstanding GO bonds. The Rating Outlook is Stable.

The 'AAA' rating reflects the county's strong credit fundamentals, including conservative management practices and solid reserve levels, low direct debt ratios and manageable borrowing plans, and consistent, albeit slowing, tax base growth. While the county's economic base has experienced some broadening, notably in the health care, education and government sectors, aircraft manufacturing remains a large and important component of area employment and recent layoffs have led to a spike in the normally low unemployment rate of the county. While financial results remain solid, further economic erosion could negatively impact operations and is a key credit consideration.

Located in south-central Kansas, Sedgwick is the state's second most populous county and ranks second in terms of economic output. County population continues to record modest growth. Wichita, the county seat, is a noted center of aircraft manufacturing. The county's economic indicators are somewhat mixed. The tax base continues to grow although at a slower rate than in the past. Historically strong property valuation growth slowed in 2009 as values increased only by about 1% over 2008 levels;,lower than the five-year average growth rate of about 4%. Although the economy has broadened, aircraft manufacturing remains an important component of the area's employment base. Layoffs at several top employers in the county including Cessna Aircraft Company, Hawker Beechcraft Corporation, and Boeing IDS Wichita have led to the increase in unemployment rates. The county's September 2009 unemployment rate was 8.8% compared to 4.6% when Fitch last reviewed in November 2008. While high, the county's unemployment rate remains below the U.S.