S&P Global Ratings revised the outlook to stable from negative and affirmed its 'A+' underlying rating on Lebanon Community School Corp. , Ind. ' s property-tax-backed debt outstanding. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating (based on credit enhancement) on the district?s intercept-program-qualified debt. The outlook is negative. Finally, S&P Global Ratings assigned its 'AA+' long-term rating (credit enhancement) and 'A+' underlying rating to Lebanon Middle School Building Corp. 's $36.1 million series 2025 ad valorem property tax first-mortgage bonds, issued for the district. The outlook revision on the underlying rating reflects our expectation for tax base and population growth, plus a winding-down of significant capital issuances to mitigate affordability concerns about the district's high
