S&P Global Ratings assigned its 'AA' long-term rating to Sioux City, Iowa's approximately $13.72 million series 2022A general obligation (GO) bonds and $8.895 million series 2022B taxable GO bonds. At the same time, we affirmed our 'AA' rating on the city's existing GO debt. The outlook is stable. The city's GO pledge secures the 2022A and 2022B bonds, payable from unlimited ad valorem taxes. Bond proceeds will be used for the city's capital improvement program (CIP). The city continues to have stable operations, with general fund reserves consistently meeting the fund balance policy target, with no plans to draw down on reserves over the next few years. The city's economic indicators are a credit weakness at the rating level, although
