Summary: Dodge City, Kansas; General Obligation; Note

S&P Global Ratings assigned its 'A+' long-term rating and stable outlook to Dodge City, Kan.'s series 2019A general obligation (GO) bonds and 2019B taxable GO refunding bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing GO debt. S&P Global Ratings also assigned its 'SP-1+' short-term rating to the city's series 2019-1 GO temporary notes and 2019-2 taxable GO temporary notes and affirmed its 'SP-1+' short-term rating on the city's existing notes. Dodge City's full-faith-and-credit pledge secures the GO bonds and notes, which are a GO of the city. Certain GO bonds and notes are also payable from special-assessment taxes levied for improvements financed with bond and note proceeds. Despite the

...S&P Global Ratings assigned its 'A+' long-term rating and stable outlook to Dodge City, Kan.'s series 2019A general obligation (GO) bonds and 2019B taxable GO refunding bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing GO debt. S&P Global Ratings also assigned its 'SP-1+' short-term rating to the city's series 2019-1 GO temporary notes and 2019-2 taxable GO temporary notes and affirmed its 'SP-1+' short-term rating on the city's existing notes. Dodge City's full-faith-and-credit pledge secures the GO bonds and notes, which are a GO of the city. Certain GO bonds and notes are also payable from special-assessment taxes levied for improvements financed with bond and note proceeds. Despite the dual pledge, we rate the bonds and notes to the strength of the city's GO pledge, which we view as the stronger pledge. Officials intend to use series 2019A bond proceeds to finance certain public improvements, a portion of which they...

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