S&P Global Ratings assigned its 'AA+' long-term rating (based on credit enhancement) and 'A' underlying rating to Elkhart Community School Building Corp. , Ind.'s $6.6 million series 2025A, $6.6 million series 2025B, and $6.6 million series 2025C ad valorem property tax first mortgage bonds, issued on behalf of Elkhart Community Schools (ECS). At the same time, we affirmed our 'AA+' long-term enhanced rating and 'A' underlying rating on ECS' debt outstanding. The outlook on the underlying rating is negative, and the outlook on the long-term enhanced rating is stable. NEW YORK (S&P Global Ratings) May 12, 2025--S&P Global Ratings today took the rating actions listed above. In our view, environmental, social, and governance factors are neutral within our analysis. The
