S&P Credit Research



Title:

Summary: East Chicago Multi School Building Corp., Indiana East Chicago School City; School State Program

Price:$175.00
Publication Date:Apr 28, 2008
Report Type:Summary
Abstract:The 'AA' enhanced rating on East Chicago Multi School Building Corp., Ind.'s series 2008 first mortgage refunding bonds, issued for East Chicago School City, reflects the school corporation's eligibility for, and participation in, the Indiana State Aid Intercept Program. The credit characteristics of the program are supported by the strength and availability of state aid to the intercept program participants Standard&Poor's rates four different types of state programs, in more than 20 states, that provide enhancement for school bond issues. These program types include state guarantee, permanent fund, annual appropriation, and state intercept or withholding programs. Each state program is analyzed according to the program type and the rating is based on the characteristics of the particular program
Issuer:East Chicago Sch City
Sector:Public Finance
Country:United States
Region:United States
Format:HTML HTML
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S&P Credit Research

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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