Summary: Orleans Community Schools, Indiana; School State Program Jan 13

Standard & Poors, January 2013

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Orleans Community Schools, Ind.'s series 2013 taxable general obligation (GO) refunding pension bonds. Standard & Poor's also affirmed its 'AA+' long-term rating on the school's previously issued debt. The rating reflects our view of the district's eligibility for, and participation in, the Indiana State Aid Intercept Program and the qualifying 2x coverage of debt service with state foundation payments. The outlook is stable. Standard & Poor's rates four types of state programs, in more than 20 states, that provide enhancement for school bond issues. These program types are state guarantee, permanent fund, annual appropriation, and state intercept or withholding programs. Each state program is analyzed according to type, and...

Companies mentioned in this report are:
- Orleans Comnty Schs

Action: Affirmed
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.

- Orleans Comnty Schs

Customers who bought this item also bought

• Charter Schools - Global Outlook
• Higher Education Interlibrary Loan Management Benchmarks, 2013 Edition
• Information Literacy Efforts Benchmarks, 2013 Edition
• The Survey of Academic Library Subject Specialists: Political Science, Public and International Affairs
• The Survey of Academic Library Subject Specialists: Political Science & Public/International Affairs
• Ecoliterate. How Educators Are Cultivating Emotional, Social, and Ecological Intelligence
• The Survey of Adult & Continuing Education Programs in Higher Education
• Charter Schools: History, Politics, Policies, Economics & Effectiveness, Second Edition
• Making RTI Work. How Smart Schools are Reforming Education through Schoolwide Response-to-Intervention
• Driven by Data. A Practical Guide to Improve Instruction