Kokomo School Corp. IN Debt Outlook Revised To Stable From Negative On Stronger Fiscal Position; 'A' Rating Affirmed - S&P Global Ratings’ Credit Research

Kokomo School Corp. IN Debt Outlook Revised To Stable From Negative On Stronger Fiscal Position; 'A' Rating Affirmed

Kokomo School Corp. IN Debt Outlook Revised To Stable From Negative On Stronger Fiscal Position; 'A' Rating Affirmed - S&P Global Ratings’ Credit Research
Kokomo School Corp. IN Debt Outlook Revised To Stable From Negative On Stronger Fiscal Position; 'A' Rating Affirmed
Published May 09, 2018
3 pages (1166 words) — Published May 09, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

CHICAGO (S&P Global Ratings) May 9, 2018--S&P Global Ratings revised its outlook on Kokomo School Corp., Ind.'s various outstanding debt obligations to stable from negative. At the same time, S&P Global Ratings affirmed its 'A' underlying rating on the debt. "The outlook revision reflects our view that the corporation's fiscal position strengthened in 2017 due to administration's emphasis on correcting the district's fiscal structure and plans to maintain budgetary balance," said S&P Global Ratings credit analyst Anna Uboytseva. S&P Global Ratings also assigned its 'A' underlying rating and 'AA+' long-term program rating to the corporation's $14 million ad valorem property tax first mortgage bonds series 2018 issued by Kokomo-Center Schools Building Corp., issued on behalf of Kokomo School Corp. In

  
Brief Excerpt:

...CHICAGO (S&P Global Ratings) May 9, 2018--S&P Global Ratings revised its outlook on Kokomo School Corp., Ind.'s various outstanding debt obligations to stable from negative. At the same time, S&P Global Ratings affirmed its 'A' underlying rating on the debt. "The outlook revision reflects our view that the corporation's fiscal position strengthened in 2017 due to administration's emphasis on correcting the district's fiscal structure and plans to maintain budgetary balance," said S&P Global Ratings credit analyst Anna Uboytseva. S&P Global Ratings also assigned its 'A' underlying rating and '##+' long-term program rating to the corporation's $14 million ad valorem property tax first mortgage bonds series 2018 issued by Kokomo-Center Schools Building Corp., issued on behalf of Kokomo School Corp. In addition, S&P Global Ratings affirmed its '##+' long-term program rating on the district's previously issued bonds. The outlook on all ratings is stable. The stable outlook on the long-term program...

  
Report Type:

Ratings Action

Issuer
Kokomo School Corp.
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Kokomo School Corp. IN Debt Outlook Revised To Stable From Negative On Stronger Fiscal Position; 'A' Rating Affirmed" May 09, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Kokomo-School-Corp-IN-Debt-Outlook-Revised-To-Stable-From-Negative-On-Stronger-Fiscal-Position-A-Rating-Affirmed-2035009>
  
APA:
S&P Global Ratings’ Credit Research. (). Kokomo School Corp. IN Debt Outlook Revised To Stable From Negative On Stronger Fiscal Position; 'A' Rating Affirmed May 09, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Kokomo-School-Corp-IN-Debt-Outlook-Revised-To-Stable-From-Negative-On-Stronger-Fiscal-Position-A-Rating-Affirmed-2035009>
  
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