S&P Global Ratings assigned its 'A+' long-term rating to Dodge City, Kan.'s series 2017-A general obligation (GO) bonds. The outlook is stable. Dodge City's full-faith-and-credit GO pledge, which includes an unlimited ad valorem tax, secures the 2017-A bonds. Proceeds from the sale of the GO bonds will finance various capital improvement project. The ratings reflect our assessment of Dodge City's: Very weak economy, with a concentrated employment base; Adequate management, with standard financial policies and practices under our financial management assessment (FMA) methodology; Strong budgetary performance, with balanced operating results in the general fund and an operating surplus at the total governmental fund level in fiscal 2015; Very strong budgetary flexibility, with an available fund balance in fiscal 2015 of
