...NEW YORK (Standard & Poor's) Nov. 16, 2015--Standard & Poor's Ratings Services assigned its '##+' long-term program rating and 'A+' underlying rating to Greenwood Community School Corp., Ind.'s series 2015 and 2016 ad valorem property tax first-mortgage bonds. We also affirmed our '##+' long-term program rating, as well as our 'A+' underlying rating, on the school corporation's existing bonds. The outlook is stable. "The stable outlook reflects our expectation that the school corporation will continue to maintain strong cash reserves between its general and rainy day funds, as management continues to regularly monitor financial operations," said Standard & Poor's credit analyst Anna Uboytseva. We based our '##+' rating on the school corporation meeting our Indiana State Aid Intercept program criteria. The credit characteristics of the rating are supported by the availability of state aid to be intercepted to cover debt service payments. The 'A+' underlying rating reflects, among other factors,...
