S&P Global Ratings assigned its 'A+' long-term rating to Woodward-Granger Community School District, Iowa's $4.415 million series 2021 general obligation (GO) school refunding bonds. At the same time, we affirmed our 'A+' long-term rating and underlying rating (SPUR) on the district's outstanding GO bonds. The outlook is stable. Proceeds from the bonds will be used to current refund the district's outstanding series 2012 and 2013 bonds. Securing the bonds is the district's unlimited ad valorem property tax pledge. Located approximately 20 miles north of downtown Des Moines, Woodward-Granger Community School District continues to see strong residential development, which contributes to the district's growing tax base and enrollment trend. The district plans on maintaining strong-to-very strong reserves while balancing a growing
