'AA+' and 'A' Ratings Affirmed For Various Issuers Participating In The Indiana State Aid Intercept Program; School State Program Sep 11
- Language: English
- Published: September 2011
- Region: Indiana
Standard & Poor's Ratings Services affirmed its 'A' school issuer credit rating (ICR) and positive outlook on North Newton Junior-Senior High School Building Corp., Ind.'s and North Newton School Building Corp., Ind.'s ad valorem tax-supported debt, issued for North Newton School Corp. At the same time, Standard & Poor's affirmed its 'AA+' program rating, with a stable outlook, on the corporation's debt. 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. The ICR reflects the corporation's own credit quality and our view of its: Access to larger employment bases in northwest Indiana and Lafayette and...
Companies mentioned in this report are: North Newton Sch Corp,North Newton Jr-Sr High Sch Bldg Corp,North Newton Sch Bldg Corp
Action: Outlook: Stable
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North Newton Sch Corp,North Newton Jr-Sr High Sch Bldg Corp,North Newton Sch Bldg Corp