S&P Global Ratings assigned its 'AA-' rating and stable outlook to Dodgeland School District, Wis.' roughly $16.405 million general obligation (GO) refunding bonds to be issued in 2020 and affirmed its 'AA-' rating, with a stable outlook, on the district's existing GO debt. The district's unlimited-tax GO pledge secures the refunding bonds. Officials intend to use bond proceeds to refund the district's bond anticipation notes, issued to provide interim financing for projects, including system-and-infrastructure upgrades, safety improvements, and additions and renovations to the technical education area. Due to the district's revenue mix--which primarily includes state aid and property taxes, neither of which management has announced as reduced or delayed--we consider it somewhat insulated from the initial COVID-19 volatility. We will
