CHICAGO (Standard&Poor's) Nov. 22, 2013--Standard&Poor's Ratings Services revised its outlook to negative from stable and affirmed its 'AA-' issuer credit rating (ICR) on Lake Orion Community School District, Mich.'s previously issued general obligation (GO) bonds. Standard&Poor's also assigned its 'AA-' long-term rating to the district's series 2013 limited-tax GO energy conservation improvement bonds. The outlook is negative. "The outlook revision reflects our view of the district's planned general fund deficits, which should lead to a reduction in reserve levels," said Standard&Poor's credit analyst Benjamin Gallovic. The 'AA-' school long-term rating and ICR reflect our view of the district's: Primarily residential status in Oakland County, with the local economy anchored by a General
