S&P Global Ratings revised the outlook to stable from negative and affirmed its 'AA+' long-term rating (based on credit enhancement) on Lebanon Community School Corp. , Ind.'s intercept-program-qualified debt. At the same time, S&P Global Ratings affirmed its 'A+' underlying rating on the school corporation?s property tax-backed debt outstanding. Finally, S&P Global Ratings assigned its 'AA+' long-term rating (based on credit enhancement) and 'A+' underlying rating to Lebanon Middle School Building Corp. 's $26 million series 2026 ad valorem property tax first-mortgage bonds, issued for Lebanon Community School Corp. The outlook revision on the credit enhanced rating to stable reflects maintenance of annual debt service coverage near 1.50x, which we expect the district will be able to maintain. Lease rentals
