Standard&Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Cleveland County Public Facilities Authority, Okla.'s series 2009A taxable educational facilities lease revenue bonds and series 2009B educational facilities lease revenue bonds, supported by the Moore Norman Technology Center School District No. 17. District officials plan to issue the series 2009A bonds as federally taxable Build America Bonds (BABs), in which the district will receive a subsidy from the U.S. Treasury equal to 35% of the stated interest paid. The U.S. Treasury subsidy for BABs, if issued, will be paid directly to the district, and does not constitute security for the payment of principal or interest on the series 2009A bonds. The rating reflects: The long-term
