S&P Global Ratings assigned its ?A+? long-term rating to the city of North Platte , Neb.?s anticipated $13.9 million series 2026 municipal improvement bonds. At the same time, we affirmed our ?A+? long-term and underlying (SPUR) rating on the city?s outstanding general obligation (GO) and sales tax debt. The outlook is stable. The series 2026 bonds are secured by the city's 0.5% sales-and-use tax and ad valorem levy, which is subject to a constitutional limitation that limits it to no more than 45 cents per $100 of taxable valuation, with an additional five cents available for payments under interlocal cooperation agreements. While the sales tax pledge is the intended payment source for debt service, we rate the bonds to the
