S&P Global Ratings assigned its 'AA+' enhanced long-term rating and 'A-' underlying rating to Cleveland Metropolitan School District (CMSD), Ohio's $75 million school improvement bonds, series 2025. The outlook is stable. The ?AA+? long-term rating reflects our view of the district?s participation in the Ohio Credit Enhancement Program and is one notch below the Ohio GO rating given state aid appropriation risk, though partly mitigated by strong state support, an intercept of state aid prior to debt service upon notification to the state, and maximum annual debt service coverage that we expect will remain strong at 8.46x. For more information, see " Ohio Credit Enhancement Programs ," published July 10, 2024. The ?A-? rating reflects CMSD?s sizable growing tax base,
