S&P Global Ratings assigned its ?A+? long-term rating to the city of North Platte , Nebraska?s anticipated $5.6 million series 2026 general obligation various purpose bonds. The outlook is stable. The series 2026 bonds are secured by the town?s full-faith-and-credit unlimited ad valorem tax GO pledge, along with a pledge of special assessments. We rate to the strength of the GO pledge on these bonds as we lack the necessary information to assess the credit quality of the special assessment pledge. Proceeds from the series 2026 bonds will be used to fund various street improvements. Our rating reflects the city?s healthy cash-reserve position, strong financial performance, and solid economy, although with some population softening. Offsetting these strengths are the city?s
