Summary: Franklin Township Multi-School Building Corp., Indiana Franklin Township Community School Corp.; School State Program

Standard & Poors, April 2011

Abstract
Standard & Poor's Ratings Services raised its program rating on Franklin Township Marion County Multiple School Building Corp., Ind.'s and Franklin Township School Building Corp., Ind.'s general obligation (GO) debt, issued for Franklin Township Community School Corp., four notches to 'AA+' from 'A' based on Standard & Poor's assessment of the school corporation's improved debt service coverage: Maximum annual debt service now exceeds 2x coverage. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA+' enhanced program rating and 'AA-' school issuer credit rating (ICR), and stable outlook, to Franklin Township Multi-School Building Corp., Ind.'s series 2011 ad valorem property tax first-mortgage refunding bonds, issued for Franklin Township Community School Corp. The 'AA+' rating on the...

Companies mentioned in this report are: Franklin Twp Comnty Sch Corp,Franklin Twp Sch Bldg Corp,Franklin Twp Marion Cnty Multiple Sch Bldg Corp,Franklin Twp Multi Sch Bldg Corp
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.

Franklin Twp Comnty Sch Corp,Franklin Twp Sch Bldg Corp,Franklin Twp Marion Cnty Multiple Sch Bldg Corp,Franklin Twp Multi Sch Bldg Corp

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