Metropolitan School District Of New Durham Township, IN Debt Rating Raised To ?A? From ?A-? On Positive Operations - S&P Global Ratings’ Credit Research

Metropolitan School District Of New Durham Township, IN Debt Rating Raised To ?A? From ?A-? On Positive Operations

Metropolitan School District Of New Durham Township, IN Debt Rating Raised To ?A? From ?A-? On Positive Operations - S&P Global Ratings’ Credit Research
Metropolitan School District Of New Durham Township, IN Debt Rating Raised To ?A? From ?A-? On Positive Operations
Published Apr 13, 2021
3 pages (1502 words) — Published Apr 13, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

CHICAGO (S&P Global Ratings) April 13, 2021--S&P Global Ratings raised its underlying rating to 'A' from 'A-' on the Metropolitan School District of New Durham Township (MSDNDT), Ind.'s existing tax-backed debt. At the same time, S&P Global Ratings assigned its 'AA+' long-term rating and 'A' underlying rating to Metropolitan School District of New Durham Township School Building Corp. (school corporation)'s $2.5 million series 2021 ad valorem property tax first mortgage bonds. S&P Global Ratings also affirmed its 'AA+' long-term rating on the school corporation's existing tax-backed debt. The outlook on all ratings is stable. "The upgrade is driven by MSDNDT's consistent positive general fund operations--with surpluses in the past seven fiscal years--and very strong cash reserves," said S&P Global Ratings

  
Report Type:

Ratings Action

Issuer
New Durham Twp Metro Sch Dist Sch Corp
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Metropolitan School District Of New Durham Township, IN Debt Rating Raised To ?A? From ?A-? On Positive Operations" Apr 13, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-School-District-Of-New-Durham-Township-IN-Debt-Rating-Raised-To-A-From-A-On-Positive-Operations-2627066>
  
APA:
S&P Global Ratings’ Credit Research. (). Metropolitan School District Of New Durham Township, IN Debt Rating Raised To ?A? From ?A-? On Positive Operations Apr 13, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Metropolitan-School-District-Of-New-Durham-Township-IN-Debt-Rating-Raised-To-A-From-A-On-Positive-Operations-2627066>
  
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