S&P Global Ratings assigned its'AA-'rating to West Fargo Park District (WFPD), North Dakota's $4 million series 2026 refunding improvement bonds. At the same time, S&P Global Ratings affirmed its ‘AA-’ on the district’s previously issued general obligation (GO) bonds and refunding improvement bonds as well as our ‘A+’ rating on its lease revenue bonds, issued by the West Fargo Building Authority. The outlook is stable. Special assessments and revenue from an unlimited ad valorem property tax sufficient to cure any existing or expected deficiencies attributable to assessment collections secure the 2026 bonds. We evaluate the deficiency levy pledge as a type of general fund pledge and rate it under our criteria"Issue Credit Ratings Linked To U.S.
