NEW YORK (S&P Global Ratings) Aug. 16, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'BBB+' underlying rating on Cleveland Municipal School District, Ohio's general obligation (GO) debt outstanding. At the same time, we affirmed our 'AA' long-term rating on the school district's GO debt. "The outlook revision reflects our view that the district was able to stabilize its reserve and liquidity positions as a result of passing a 15 mill replacement and a new 5 mill levy that extends to ten years. It also reflects the stable state aid funding environment and an influx of federal stimulus funds that will provide near-term budgetary relief," said S&P Global Ratings credit analyst Moreen Skyers-Gibbs. The school
