Summary: Woodward-Granger Community School District, Iowa; General Obligation

Standard&Poor's Ratings Services assigned its 'A+' long-term rating to Woodward-Granger Community School District, Iowa's series 2016A unlimited-tax general obligation (GO) school bonds and series 2016B GO refunding bonds. At the same time, Standard&Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's outstanding GO debt. The outlook is stable. The district's unlimited-tax GO pledge secures the bonds. This is the second tranche of a $9.85 million bond referendum approved by voters in the spring of 2013. The district indicates it will use bond proceeds to expand and refurbish elementary school facilities. The series 2016B bonds will be used to advance refund the district's series 2008A bonds for interest cost savings. The rating reflects

...Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Woodward-Granger Community School District, Iowa's series 2016A unlimited-tax general obligation (GO) school bonds and series 2016B GO refunding bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's outstanding GO debt. The outlook is stable. The district's unlimited-tax GO pledge secures the bonds. This is the second tranche of a $9.85 million bond referendum approved by voters in the spring of 2013. The district indicates it will use bond proceeds to expand and refurbish elementary school facilities. The series 2016B bonds will be used to advance refund the district's series 2008A bonds for interest cost savings. The rating reflects our view of the district's:...

Summary