Summary: Dodge City, Kansas; General Obligation; Note

S&P Global Ratings assigned its 'A+' long-term rating to Dodge City, Kan.'s (approximately $7.695 million) series 2021-A general obligation (GO) bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook is stable. S&P Global Ratings also assigned its 'SP-1+' short-term rating to the city's (approximately $2.295 million) series 2021-1 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 (including the series 2021-A bonds and 2021-1 notes) are also payable from special-assessment taxes levied for improvements financed with bond and note proceeds. Despite the dual

...S&P Global Ratings assigned its 'A+' long-term rating to Dodge City, Kan.'s (approximately $7.695 million) series 2021-A general obligation (GO) bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook is stable. S&P Global Ratings also assigned its 'SP-1+' short-term rating to the city's (approximately $2.295 million) series 2021-1 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 (including the series 2021-A bonds and 2021-1 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 2021-A bond proceeds to finance street improvements and water...

Summary