S&P Global Ratings assigned its 'A+' long-term rating to West Fargo Park District, N.D.'s series 2017C lease revenue bonds. At the same time, we affirmed our 'AA-' long-term rating on the district's existing general obligation (GO) debt, and our 'A+' long-term rating on its existing appropriation debt. The outlook is stable. The series 2017C bonds, and its existing appropriation debt are secured by the district's pledge of lease payments, subject to appropriation. The rating is one notch off the GO due to appropriation risk. Bond proceeds will be used for park and recreational facility improvements. The 'AA-' GO rating reflects our view of the district's: Access to diverse employment opportunities in the Fargo metropolitan statistical area (MSA); Very strong market
