Fort Dodge Community School District reported that S&P Global Ratings has assigned the district an A+ long-term rating on its anticipated Series 2026 General Obligation School Bonds and affirmed its A+ rating on the district’s outstanding unlimited tax general obligation bonds. S&P also assigned the district a stable outlook.

The A+ rating reflects the district’s continued commitment to strong financial management, responsible planning and disciplined oversight of taxpayer resources, the district reported.

In its analysis, S&P cited the district’s healthy remaining reserves, demonstrated management responsiveness, and credible path to improved operating balance as key factors supporting the rating.

S&P specifically noted that district management uses detailed budgeting, long-term projections, and ongoing monitoring of key indicators such as enrollment, along with formal investment and debt management policies that support long-term fiscal health.

Maintaining an A+ investment-grade rating is significant because it strengthens the district’s position in the bond market and helps support lower borrowing costs. Over the life of the bonds, those lower costs can translate into meaningful financial savings, helping preserve more resources for students, staff, and facilities.

The rating report also noted that the district’s debt burden is expected to remain manageable following the current issuance.

Bond proceeds from the Series 2026 issue will support a high school improvement project, including renovation of the existing Senior High building, HVAC upgrades, pool improvements, and construction of a new fine arts and support facility with a weight room and related site improvements.

S&P described this as the first issuance under a $42 million voter-approved authorization, with additional issuance anticipated in 2027 or 2028.

“This A+ bond rating is an important affirmation of the district’s sound financial management and long-term planning,” said Brandon Hansel, executive director of financial services. “It reflects the thoughtful work of our Board of Education and administrative team to maintain the district’s financial strength, protect taxpayer investment, and position Fort Dodge students and schools for the future.”