Summary: Indiana St Aid Intercept Prog; Tax Secured, General Obligation; Tax Secured, School State Program Jan 06

  • ID: 2086828
  • January 2006
  • Region: Indiana
  • Standard & Poors
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  • Benton Sch Imp Bldg Corp
  • Gary Comnty Sch Bldg Corp
  • Jay Sch Corp
  • Mooresville Sch Bldg Corp
  • Oak Hill Sch Bldg Corp
  • Salem High Sch Bldg Corp
  • MORE

Standard & Poor's Ratings Services raised its rating on the Indiana State Aid Intercept Program to 'AA' from 'AA-', reflecting the change in the state's issuer credit rating. The 'AA' rating moves with the state's rating; the 'A' program rating does not move with the state's rating. The upgrade to 'AA+' from 'AA' on Indiana's issuer credit rating reflects the state's continued improved financial position driven both by management's fiscal action and revenue growth that exceed budgeted expectations. Management has continued to demonstrate a commitment to building reserves and reimbursing the delayed payments. The state formulated its first, balanced biennium budget in 10 years, has now closed the deficit that was projected in the first year, and has been able...

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.

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- South Harrison 2000 Sch Bldg Corp
- Madison Cons Sch Bldg Corp
- Oak Hill Sch Bldg Corp
- South Bend Comnty Sch Corp
- Oregon-Davis Sch Corp
- Linton-Stockton Sch Bldg Corp
- Delphi Comnty Multi Sch Bldg Corp
- LaPorte Multi Sch Bldg Corp
- Munster Sch Bldg Corp
- Northeast Dubois Cnty Middle Sch Bldg Corp
- Mill Creek Comnty East Elem Sch Bldg Corp
- North White Sch Bldg Corp
- Franklin Comnty Sch Bldg Corp
- Goshen Multi Sch Bldg Corp
- Beech Grove Multi Sch Bldg Corp
- Tell City Troy Twp Elem Sch Bldg Corp
- Taylor Comnty Sch Bldg Corp
- West Cent Sch Bldg Corp
- Rochester Comnty Multi Sch Bldg Corp
- Bluffton-Harrison High Sch Bldg Corp
- East Porter Cnty Sch Bldg Corp
- Jennings Cnty Sch Bldg Corp
- Spencer-Owen Fac Imp Corp
- Mitchell Elem Sch Bldg Corp
- Eastern Howard Third Millennium Sch Bldg Corp
- Shelbyville Elem Sch Bldg Corp
- South Vermillion Sch Bldg Corp
- Mount Pleasant Twp Multi-Sch Bldg Corp
- Westview Elem Sch Bldg Corp
- Rockville Sch Bldg Corp
- Jay Sch Corp
- Salem High Sch Bldg Corp
- Greencastle Multi-Sch Bldg Corp
- Griffith Multi-Sch Bldg Corp
- Rensselaer Cent High Sch Bldg Corp
- Center Grove Sch Bldg Corp.
- Mishawaka Sch Bldg Corp.
- Portage Twp Multi-Sch Bldg Corp
- North Lawrence Comnty Schs Bldg Corp
- Monroe-Gregg Grade Sch Bldg Corp
- Gary Comnty Sch Bldg Corp
- Southmont Sch Bldg Corp
- Madison Schs Lydia Middleton Bldg Corp
- Carmel 2002 Sch Bldg Corp
- Northwestern Sch Bldg Corp
- Indiana Bnd Bank
- North Putnam Middle Sch Bldg Corp
- Greenwood Sch Bldg Corp
- Middlebury Elem Middle Sch Bldg Corp
- Argos Comnty Schs Bldg Corp
- Sarah Scott Middle Sch Bldg Corp
- Mooresville Sch Bldg Corp
- North Spencer Cnty Middle Sch Bldg Corp
- South Putnam Grade Sch Bldg Corp
- Scott Cnty 1998 Sch Bldg Corp
- Brownstown Dist Sch Bldg Corp
- Crown Point Multi-Sch Bldg Corp
- Penn-Harris-Madison Sch Renovation Bldg Corp
- Knox Middle Sch Bldg Corp
- New Durham Twp Metro Sch Dist Sch Bldg Corp
- North Daviess Sch Bldg Corp
- Owen Vy High Sch Bldg Corp
- Salem Middle Sch Bldg Corp
- Tippecanoe Vy 2004 Sch Bldg Corp
- Hanover Multi Sch Bldg Corp
- Seeger Sch Bldg Corp
- Benton Sch Imp Bldg Corp
- Delta-Eaton Sch Bldg Corp
- Paoli Comnty Sch Bldg Corp
- Union Cnty Sch Bldg Corp
- Tippecanoe Cnty Sch Bldg Corp
- New Prairie United Sch Bldg Corp
- Eastern Hancock Middle Sch Bldg Corp
- Michigan City Sch Bldg Corp
- Northern Tipton Sch Bldg Corp

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