Summary: Porter Township High School Building Corp., Indiana Porter Township School Corp.; School State Program Mar 12
- ID: 2091524
- March 2012
- Region: Indiana
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' program rating and 'A' school issuer credit rating (ICR) and stable outlook to Porter Township High School Building Corp., Ind.'s series 2012A ad valorem property tax first-mortgage bonds, issued for Porter Township School Corp. (the district), and affirmed its 'AA+' program rating and 'A' ICR, with a stable outlook, on the building corporation's existing debt, secured by the school corporation. The 'AA+' rating reflects the district'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 'A' rating reflects our assessment of the district's: Access to diverse employment opportunities in nearby Valparaiso and Merrillville; Very...
Companies mentioned in this report are: Porter Twp Sch Corp,Porter Twp High Sch Bldg Corp
Action: New Rating
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.
SHOW LESS READ MORE >