S&P Global Ratings assigned its 'A' rating to Keokuk , Iowa's $5.5 million series 2025 general obligation (GO) capital loan notes. At the same time, we affirmed our 'A' rating on the city's existing GO debt. The outlook is stable. The rating is based on the application of our criteria, " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The 2025 GO capital loan notes are secured by the city's unlimited-tax GO pledge. Officials will use proceeds to fund various street and infrastructure projects as well as equipment acquisition. The 'A' rating reflects our view of Keokuk's strong finances, as reflected in a track record of operating surpluses extending back nearly a decade and very strong
