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Summary: Cloverdale High School Building Corp., Indiana Cloverdale Community School Corp.; School State Program Jun 12
Standard & Poors, June 2012
Standard & Poor's Ratings Services assigned its 'AA+' program rating and 'A+' school issuer credit rating (ICR) and stable outlook to Cloverdale High School Building Corp., Ind.'s series 2012 ad valorem property tax first-mortgage bonds, issued for Cloverdale Community School Corp. At the same time, Standard & Poor's affirmed its 'AA+' program rating, with a stable outlook, on the school corporation's existing first-mortgage debt. The program rating reflects our assessment of the school's eligibility for, and participation in, the Indiana State Aid Intercept Program. The strength and availability of state aid to program participants support the program's credit characteristics. The ICR reflects our opinion of the school corporation's creditworthiness, including its: Access to surrounding employment centers; Strong reserves, measured on...
Companies mentioned in this report are: Cloverdale Comnty Sch Corp,Cloverdale Comnty Sch Bldg Corp,Cloverdale Multi Sch Bldg Corp,Cloverdale High Sch Bldg Corp
Action: New Rating
Action: Outlook: Stable
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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.
Cloverdale Comnty Sch Corp,Cloverdale Comnty Sch Bldg Corp,Cloverdale Multi Sch Bldg Corp,Cloverdale High Sch Bldg Corp