Moore Norman Technology Center School District No. 17, OK GO And Lease Revenue Ratings Raised One Notch

DALLAS (S&P Global Ratings) Dec. 5, 2018--S&P Global Ratings raised its long-term rating to 'AA' from 'AA-' on Moore Norman Technology Center School District No. 17, Okla.'s general obligation debt outstanding. At the same time, S&P Global Ratings raised its long-term rating to 'AA-' from 'A+' on the Cleveland County Public Facilities Authority's educational facilities lease revenue bonds, supported by the district. The outlook is stable. "The rating action reflects our view of the district's continued positive operating surpluses in its general fund, increasing reserves to levels commensurate with those of higher-rated peers," said S&P Global Ratings credit analyst Joshua Travis. "The positive results are largely attributed to the continued economic growth within the district, which benefits from participation in

...DALLAS (S&P Global Ratings) Dec. 5, 2018--S&P Global Ratings raised its long-term rating to '##' from '##-' on Moore Norman Technology Center School District No. 17, Okla.'s general obligation debt outstanding. At the same time, S&P Global Ratings raised its long-term rating to '##-' from 'A+' on the Cleveland County Public Facilities Authority's educational facilities lease revenue bonds, supported by the district. The outlook is stable. "The rating action reflects our view of the district's continued positive operating surpluses in its general fund, increasing reserves to levels commensurate with those of higher-rated peers," said S&P Global Ratings credit analyst Joshua Travis. "The positive results are largely attributed to the continued economic growth within the district, which benefits from participation in the Oklahoma City metropolitan statistical area," Mr. Travis added. The stable outlook reflects our view of the district's stable local economy, which is anchored by the University...

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