Summary: North Newton School Building Corp. North Newton School Corp., Indiana; School State Program Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, and its 'A' issuer credit rating (ICR), and positive outlook, to North Newton School Building Corp.'s., Ind.'s series 2011 taxable ad valorem property tax first mortgage bonds, issued for North Newton School Corp. The 'AA+' program rating reflects the school corporation's eligibility for, and participation in, the Indiana State Aid Intercept program. The strength and availability of state aid to intercept program participants support program credit characteristics. At the same time, Standard & Poor's affirmed its 'AA+' program rating, with a stable outlook, on the school corporation's debt. It also affirmed its 'A' school ICR, with a positive outlook, on North Newton Junior-Senior High School Building Corp.'s...

Companies mentioned in this report are: North Newton Sch Corp,North Newton Jr-Sr High Sch Bldg Corp,North Newton Sch Bldg Corp
Action: Affirmed
Action: New Rating
Action: Outlook: Positive
Action: Outlook: Stable

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.

North Newton Sch Corp,North Newton Jr-Sr High Sch Bldg Corp,North Newton Sch Bldg Corp

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