Standard&Poor's Ratings Services assigned its 'A+' rating and stable outlook to Dodge City, Kan.'s series 2016 sales tax refunding revenue bonds. At the same time, Standard&Poor's affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on the city's parity sales tax revenue bonds. The rating reflects our opinion of the city's: Strong debt service coverage (DSC) by pledged revenue, including 1.49x maximum annual debt service (MADS) coverage; Anticipated stable pledged revenue growth in subsequent fiscal years; 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 backloaded with MADS occurring in 2034, and adequate income levels. The city's sales tax, its
