• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Whiting School Building Corp., Indiana Whiting City School; School State Program Feb 13 Product Image

Summary: Whiting School Building Corp., Indiana Whiting City School; School State Program Feb 13

  • ID: 2403516
  • February 2013
  • Region: Indiana
  • Standard & Poors

FEATURED COMPANIES

  • Whiting City Sch
  • Whiting Sch Bldg Corp
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Whiting School Building Corp., Ind.'s series 2013 ad valorem property tax first mortgage bonds, issued for Whiting City School. Standard & Poor's also affirmed its 'AA+' long-term rating on the school's series 2008 general obligation (GO) bonds. The rating reflects our view of the district's eligibility for, and participation in, the Indiana State Aid Intercept Program and its 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: state guarantee, permanent fund, annual appropriation, and state intercept or withholding programs. Each state program is...

Companies mentioned in this report are:
- Whiting City Sch
- Whiting 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 READ MORE >

- Whiting City Sch
- Whiting Sch Bldg Corp

Note: Product cover images may vary from those shown

RELATED PRODUCTS