Standard&Poor's Ratings Services has assigned its 'A-' school issuer credit rating (ICR) to Cleveland Municipal School District, Ohio's series 2013A unlimited-tax general obligation (GO) school refunding bonds and affirmed our 'A-' ICR on the district's existing debt. We also assigned our 'AA' long-term rating to the series 2013A bonds and affirmed our 'AA' long-term rating and underlying rating (SPUR) on the district's existing GO debt, reflecting the district's eligibility for and participation in, the Ohio Credit Enhancement program. The outlook on all ratings is stable. The school ICR reflects our view of the district's: Willingness and ability to make necessary adjustments to offset enrollment declines and other financial pressures to maintain at least adequate cash reserves; Total projected
