Standard&Poor's Ratings Services assigned its 'A+' rating, and stable outlook, to Canadian County Independent School District No. 69 (Mustang School District), Okla.'s series 2007 GO building bonds and affirmed its 'A+' rating, with a stable outlook, on the district's preexisting GO debt. The rating reflects the district's: Participation in the Oklahoma City MSA economy and labor market; Healthy assessed valuation (AV) growth; and Average overall debt levels, coupled with rapid principal retirement. The district's limited operating revenue-raising flexibility and growth-driven capital needs are offsetting rating factors. The district's full faith and credit pledge secures the bonds. Officials will use bond proceeds to finance classroom additions, facility improvements to existing facilities, and capital equipment purchases. Mustang School District is
