Standard & Poor's Ratings Services assigned its 'A-' long-term rating to Cleveland County Educational Facilities Authority, Okla.'s series 2011A educational facilities lease revenue bonds (federally taxable qualified school construction bonds or QSCB) and series 2011B educational facilities lease revenue bonds (federally taxable, nonqualified school construction bonds), issued on behalf of Cleveland County Independent School District No. 70 (Little Axe). The outlook is stable. The district appropriates the full base rental payments for bondholders. The ratings reflect our view of the general creditworthiness of the district as well as the bonds' appropriation risk. The ratings also reflect our view of the district's: Access to the Oklahoma City metropolitan statistical area; Strong financial performance that has almost quadrupled the district's general fund...
Companies mentioned in this report are: Indpt Sch Dist #70 of Cleveland Cnty-Little Axe,Cleveland Cnty Educl Facs Auth
Action: New Rating
Action: Outlook: Stable
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