Summary: Dodge City, Kansas; General Obligation

Standard&Poor's Ratings Services assigned its 'A+' long-term rating to Dodge City, Kan.'s series 2015A general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook is stable on all ratings. The city's full-faith-and-credit GO pledge, which includes an unlimited ad valorem tax, secures the 2015-A bonds. The existing series 2012-A bonds are payable from a subordinate lien on net revenues of the city's waterworks and wastewater utility system. The series 2012-B bonds are also payable from special assessments levied upon property that benefitted by the public improvement projects financed by those bonds. We rate the series 2012-A and B bonds 'A+'

...Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Dodge City, Kan.'s series 2015A general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook is stable on all ratings. The city's full-faith-and-credit GO pledge, which includes an unlimited ad valorem tax, secures the 2015-A bonds. The existing series 2012-A bonds are payable from a subordinate lien on net revenues of the city's waterworks and wastewater utility system. The series 2012-B bonds are also payable from special assessments levied upon property that benefitted by the public improvement projects financed by those bonds. We rate the series 2012-A and B bonds 'A+' based on the city's unlimited ad valorem tax pledge, which we view to be stronger. The series 2015-A bond proceeds will be used to finance various capital improvement projects. The ratings reflect our assessment of the city's:...

Summary