S&P Global Ratings raised its underlying rating on Lake Station School Building Corp. , Ind.?s property-tax first-mortgage general obligation (GO) debt, issued for Lake Station Community School Corp. , one notch to 'A' from 'A-'. S&P Global Ratings also affirmed its 'AA+' long-term enhanced rating on the district?s existing debt. The outlook is stable. The rating action reflects our opinion of the district?s improved finances and reserve growth, supported by its voter-approved referendum, providing long-term financial stability. The rating reflects the application of its criteria, ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024, on RatingsDirect. Lease payments--payable from ad valorem property taxes, subject to state circuit-breaker tax caps but not subject to annual appropriation--secure the bonds. We
