S&P Global Ratings assigned its 'AA' long-term rating to Sioux City , Iowa's anticipated $23.73 million series 2025A general obligation (GO) capital loan notes and $3.495 million series 2025B taxable GO capital loan notes. At the same time, we affirmed our 'AA' rating on the city's outstanding GO debt. The outlook is stable. The rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The city's GO pledge secures the series 2025A and 2025B notes, payable from unlimited ad valorem taxes. Note proceeds will be used for various capital improvement projects. The city anticipates issuing additional debt in 2026 to address other items in its capital improvement plan. The rating reflects
