One or more of the Credit Ratings referenced within this article were assigned using a deviation from S&P Global Ratings' published criteria. We borrowed elements of our "Key Credit Factors For Social Infrastructure, Accommodation, And Entertainment Project Financings" criteria, published Sept. 16, 2014, specifically the market exposure and competitive position assessment, to assess the creditworthiness of the district. As the district is a primarily tax-funded public operating entity, we believe there are key differences between the district and a private stadium project financing, particularly insofar as the district is an actively managed public entity with the ability to manage revenues and expenditures over the long term. Nevertheless, we consider the district's degree of exposure to market risk and the proportionate
