S&P Global Ratings assigned its 'A+' long-term rating to Woodward-Granger Community School District, Iowa's roughly $10 million series 2024 general obligation (GO) school bonds. At the same time, we affirmed our 'A+' long-term rating and underlying rating on the district's existing GO bonds. The outlook is stable. The district's unlimited ad valorem property tax secures the bonds. Bond proceeds will fund a portion of the cost of constructing a new middle school and remodeling an existing sixth to 12th grade campus into a high school. Voters authorized $23 million in GO bonds in November 2023 and the remaining debt will be issued in 2025 and 2026. The district also plans to issue $12 million in sales tax revenue bonds and
