S&P Global Ratings assigned its'AA+'long-term rating (based on credit enhancement) and'AA-'underlying rating to East Porter County School Building Corp. , Indiana's anticipated $13 million series 2026 ad valorem property tax first mortgage bonds issued for East Porter County School Corp. At the same time, S&P Global Ratings affirmed its'AA+'long-term rating (based on credit enhancement) and'AA-'underlying rating on the school corporation's outstanding debt. The outlook is stable. The series 2026 ad valorem property tax first mortgage bonds are secured by lease payments payable from ad valorem property taxes, subject to state circuit-breaker tax caps but not subject to annual appropriation. We reviewed the lease under our criteria and consider its terms standard. We
