S&P Global Ratings assigned its 'A+' underlying rating (SPUR) for credit program and stable outlook to Stoddard County R-XI School District (Dexter), Mo.'s series 2020 general obligation (GO) bonds and affirmed its 'A+' issuer credit rating (ICR), with a stable outlook, on the district. S&P Global Ratings also affirmed its 'A' long-term rating, with a stable outlook, on the district's lease certificates of participation. Unlimited ad valorem property taxes secure the series 2020 GO bonds. Officials intend to use series 2020 bond proceeds to fund districtwide building-and-improvement projects. The rating reflects our opinion of the district's: Very strong cash-based reserves, built with the help of conservative budgeting and stable enrollment; Limited, but stable, economy with access to larger communities for
