Research Update: East Porter County School Corp., IN's First Mortgage Refunding Bonds And GO Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research

Research Update: East Porter County School Corp., IN's First Mortgage Refunding Bonds And GO Bonds Assigned 'AA-' Rating

Research Update: East Porter County School Corp., IN's First Mortgage Refunding Bonds And GO Bonds Assigned 'AA-' Rating - S&P Global Ratings’ Credit Research
Research Update: East Porter County School Corp., IN's First Mortgage Refunding Bonds And GO Bonds Assigned 'AA-' Rating
Published Oct 13, 2025
6 pages (2706 words) — Published Oct 13, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

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. , Ind.'s anticipated $7.4 million series 2025 ad valorem first mortgage refunding bonds issued for East Porter County School Corp. (the district) and the district's $5.0 million general obligation (GO) bonds. 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. Lease payments payable from ad valorem property taxes, not subject to annual appropriation, secure the series 2025 first mortgage bonds. We have reviewed the lease under our criteria and view the lease terms as standard. Revenue

  
Brief Excerpt:

...Institutional framework (IF) 3 Individual credit profile (ICP) 2.47 Economy 3.5 Financial performance 2 Reserves and liquidity 1 Management 3.35 Debt and liabilities 2.50...

  
Report Type:

Research Update

Issuer
East Porter County School Corp.
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: East Porter County School Corp., IN's First Mortgage Refunding Bonds And GO Bonds Assigned 'AA-' Rating" Oct 13, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-East-Porter-County-School-Corp-IN-s-First-Mortgage-Refunding-Bonds-And-GO-Bonds-Assigned-AA-Rating-3457482>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: East Porter County School Corp., IN's First Mortgage Refunding Bonds And GO Bonds Assigned 'AA-' Rating Oct 13, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-East-Porter-County-School-Corp-IN-s-First-Mortgage-Refunding-Bonds-And-GO-Bonds-Assigned-AA-Rating-3457482>
  
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