- Language: English
- 128 Pages
- Published: January 2012
- Region: United States
Summary: Union County School Building Corp., Indiana Union County-College Corner Joint School District; School State Program
- Published: April 2011
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services assigned its 'AA+' enhanced program rating and 'A+' school issuer credit rating (ICR), and stable outlook, to Union County School Building Corp., Ind.'s series 2011 taxable ad valorem property tax first-mortgage bonds, issued for Union County-College Corner Joint School District, and affirmed its 'AA+' enhanced program rating, with a stable outlook, on the district's existing debt. The 'AA+' rating reflects the district's eligibility for, and participation in, the Indiana State Aid Intercept program and the qualifying 2x debt service coverage with state foundation payments. The ICR reflects our opinion of the district's: Stable local economy, centered on the agriculture, trade, and services sectors; Good income and strong market value per capita indicators; Strong reserves, albeit...
Companies mentioned in this report are: Union Cnty-Coll Corner Jt Sch Dist ,Union Cnty Sch Bldg Corp
Action: New Rating
Action: Outlook: Stable
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Union Cnty-Coll Corner Jt Sch Dist ,Union Cnty Sch Bldg Corp
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