S&P Global Ratings assigned its 'AA-' long-term rating to Moore Norman Technology School District No. 17, Okla.'s series 2016 building bonds. At the same time, S&P Global Ratings affirmed its 'A+' long-term rating on Cleveland County Public Facilities Authority's educational facilities lease revenue bonds, supported by the district. The outlook is stable. The rating reflects: The long-term creditworthiness of the school district; and A pledged lease subject to annual appropriation. The rating reflects our opinion of the district's: Strong and stable economic base that is centered around the University of Oklahoma; Historically strong financial position, as evidenced by reserves in excess of 16% of expenditures; and Low direct debt burden, coupled with rapid amortization of principal. We believe the rating
