Lebanon Community School Corp., IN Credit-Enhanced Rating Outlook Revised To Negative On Debt Plans - S&P Global Ratings’ Credit Research

Lebanon Community School Corp., IN Credit-Enhanced Rating Outlook Revised To Negative On Debt Plans

Lebanon Community School Corp., IN Credit-Enhanced Rating Outlook Revised To Negative On Debt Plans - S&P Global Ratings’ Credit Research
Lebanon Community School Corp., IN Credit-Enhanced Rating Outlook Revised To Negative On Debt Plans
Published Jul 30, 2024
3 pages (1291 words) — Published Jul 30, 2024
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About This Report

  
Abstract:

HARTFORD (S&P Global Ratings) July 30, 2024--S&P Global Ratings revised the outlook on its 'AA+' long-term enhanced rating on Lebanon Community School Corp. (district), Ind.'s intercept program-qualified debt to negative from stable. S&P Global Ratings also assigned its 'AA+' credit-enhanced rating and 'A+' underlying rating to Lebanon Middle School Building Corp., Ind.'s roughly $55 million series 2024 limited ad valorem property tax first-mortgage bonds (FMBs) and $28.35 million series 2024 unlimited ad valorem property tax FMBs, issued for the district. Furthermore, S&P Global Ratings assigned its 'AA+' credit enhancement and 'A+' underlying rating to the district's $9.095 million series 2024 general obligation (GO) bonds, while also affirming the credit-enhanced and underlying ratings on the district's outstanding property tax-backed debt. "The

  
Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors,...

  
Report Type:

Ratings Action

Issuer
Lebanon Community School Corp.
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Lebanon Community School Corp., IN Credit-Enhanced Rating Outlook Revised To Negative On Debt Plans" Jul 30, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Lebanon-Community-School-Corp-IN-Credit-Enhanced-Rating-Outlook-Revised-To-Negative-On-Debt-Plans-3223018>
  
APA:
S&P Global Ratings’ Credit Research. (). Lebanon Community School Corp., IN Credit-Enhanced Rating Outlook Revised To Negative On Debt Plans Jul 30, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Lebanon-Community-School-Corp-IN-Credit-Enhanced-Rating-Outlook-Revised-To-Negative-On-Debt-Plans-3223018>
  
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