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 roughly $9.3 million series 2022-A general obligation (GO) 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 Dodge City's roughly $1.5 million series 2022-1 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 2022-A bonds and 2022-1 notes) are also payable from special assessment taxes levied for improvements financed with bond and note

...S&P Global Ratings assigned its 'A+' long-term rating and stable outlook to Dodge City, Kan.'s roughly $9.3 million series 2022-A general obligation (GO) 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 Dodge City's roughly $1.5 million series 2022-1 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 2022-A bonds and 2022-1 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. The short-term rating reflects our high investment-grade long-term rating on the city and Dodge City's low market-risk profile....

Summary