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
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