Franklin Township Community School Corp., IN Debt Rating Surges Four Notches To 'AA+' On Improved Debt Service Coverage
- Language: English
- Published: April 2011
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
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Franklin Twp Comnty Sch Corp,Franklin Twp Sch Bldg Corp,Franklin Twp Marion Cnty Multiple Sch Bldg Corp,Franklin Twp Multi Sch Bldg Corp