Standard&Poor's Ratings Services assigned its 'A+' long-term rating to Story City, Iowa's series 2015 general obligation (GO) aquatic center bonds. At the same time, Standard&Poor's affirmed its 'A+' long-term rating on the city's existing GO debt. The outlook is stable. The rating reflects our assessment of the following characteristics. Weak economy, with projected per capita effective buying income at 103.4% of the U.S. level and market value per capita of $68,612; Strong management, with "good" financial policies; Weak budgetary performance, with operating deficits in the general fund and at the total governmental fund level; Very strong budgetary flexibility, with an available cash reserve in fiscal 2014 of 36% of operating expenditures; Very strong liquidity, with total
