Moody’s Investors Service has assigned an Aa2 underlying rating to $11 million of general obligation bonds to be issued this month by Oklahoma County Independent School District No. 89.

Analyst Adebola Kushimo said the rating, which has a stable outlook, is based on the district’s history of sound fiscal practices and the development of “satisfactory reserves sufficient to provide financial cushion as the district enters a more challenging financial environment due to the state’s budgetary challenges.”

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