Standard&Poor's Ratings Services assigned its 'A+' rating and stable outlook to Dodge City, Kan.'s series 2015 sales tax revenue bonds. At the same time, Standard&Poor's affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on the city's series 2009 sales tax revenue bonds. The rating reflects our opinion of the city's: Good debt service coverage (DSC) by pledged revenue, including 1.49x maximum annual debt service (MADS) coverage; Continued annual increased pledged revenue; and Position as a regional economic and tourist center. We believe these strengths are somewhat weakened by the city's: Below-average amortization schedule that is back loaded with MADS occurring in 2034, and Limited local economy coupled with adequate income levels. The city's sales
