CENTENNIAL (S&P Global Ratings) July 17, 2018--Arizona school districts' credit quality has improved in recent years, in S&P Global Ratings' view, supported by continued economic momentum, increasing levels of support within the state funding environment, and recent changes to state law enhancing our view of financial flexibility, according to the report "Medians And Credit Factors: Arizona School Districts," published today on RatingsDirect. "Our strengthened view of the state funding environment stems from the state's commitment to increase K-12 education funding over the next three fiscal years, further supporting expected stability in credit quality," said S&P Global Ratings credit analyst Alyssa Farrell. S&P Global Ratings maintains credit ratings on 64 school districts in the state of Arizona. All of the school