S&P Global Ratings has assigned its 'A+' rating and stable outlook to Dodge City, Kan.'s series 2017-B general obligation (GO) refunding bonds. Dodge City's full-faith-and-credit pledge secures the bonds. The bonds are also payable from special assessment taxes to be levied on improvements that will be financed with the note proceeds. Despite the dual pledge, we rate to the strength of the city's GO pledge, which we view as stronger. Proceeds from the sale of the bonds will be used to advance refunding a portion of the city's existing GO debt. The long-term 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
