S&P Global Ratings assigned its 'A+' long-term rating to Woodward-Granger Community School District, Iowa's anticipated $3.62 million series 2022 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 GO bonds outstanding. The outlook is stable. Proceeds from the bonds will be used to current refund the district's series 2016 A and B bonds outstanding. 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
