S&P Global Ratings assigned its 'AAA' rating to South Dakota Conservancy District 's (SDCD) $198.240 million series 2025A state revolving fund (SRF) program bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on SDCD's existing SRF program bonds. The outlook is stable. The proceeds from the 2025 A bonds will be allocated as follows: A total of $171.38 million will be allocated to finance both new and existing loans for various utilities involved in the clean water and drinking water programs. Within this amount, $56.980 million is designated for clean water SRF, while $114.400 million is allocated for drinking water SRF. $26.86 million will be utilized to refund the series 2014B bonds. Repayments made under pledged loan
