Summary: Tri-County School Building Corp., Indiana Tri-County School Corp.; School State Program
Standard & Poors, June 2008
Abstract
The 'AA' rating on Tri-County School Building Corp., Ind.'s series 2008 first mortgage refunding bonds, issued for Tri-County School Corp., reflects the school corporation's eligibility for, and participation in, the Indiana State Aid Intercept Program. The credit characteristics of the program are supported by the strength and availability of state aid to the intercept program participants. Standard & Poor's also affirmed its 'A' underlying rating (SPUR) on the district's outstanding 2001 bonds, which is based on the Indiana State Aid Intercept Program. At the same time, Standard & Poor's affirmed its 'A' SPUR on the district's outstanding series 1997 bonds. The rating reflects the district's participation in the Indiana State Aid Intercept Program before the revision of criteria on bonds...
Companies mentioned in this report are: Tri-Cnty Sch Corp,Tri-Cnty Sch Bldg Corp
Action: Affirmed
Action: New Rating
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.
Tri-Cnty Sch Corp,Tri-Cnty Sch Bldg Corp
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