Research Update: Marion Community Schools, IN Property-Tax-Backed Debt Rating Lowered To 'A' From 'A+' On Weakened Finances, Economy - S&P Global Ratings’ Credit Research

Research Update: Marion Community Schools, IN Property-Tax-Backed Debt Rating Lowered To 'A' From 'A+' On Weakened Finances, Economy

Research Update: Marion Community Schools, IN Property-Tax-Backed Debt Rating Lowered To 'A' From 'A+' On Weakened Finances, Economy - S&P Global Ratings’ Credit Research
Research Update: Marion Community Schools, IN Property-Tax-Backed Debt Rating Lowered To 'A' From 'A+' On Weakened Finances, Economy
Published Oct 03, 2025
6 pages (2778 words) — Published Oct 03, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings lowered its underlying rating on Marion Community Schools (district), Ind.?s property-tax-backed debt to ?A? from ?A+?. S&P Global Ratings also assigned its 'AA+' long-term program rating and 'A' underlying rating to the district?s approximately $5.13 million series 2025 general obligation (GO) bonds. Furthermore, S&P Global Ratings affirmed its 'AA+' long-term program rating and 'A' underlying rating on the district's existing property-tax-backed debt. The outlook is stable. The one-notch downgrade reflects our view of the district?s budgetary challenges from declining enrollment, circuit-breaker tax caps, and rising personnel costs, with economic metrics that are generally more consistent with those of lower-rated peers. The series 2025 bonds are secured by ad valorem property taxes subject to state-imposed caps (circuit breakers),

  
Brief Excerpt:

...Institutional framework (IF) 3 Individual credit profile (ICP) 2.92 Economy 6.0 Financial performance 3 Reserves and liquidity 1 Management 3.35 Debt and liabilities 1.25...

  
Report Type:

Research Update

Issuer
Marion Community Schools
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: Marion Community Schools, IN Property-Tax-Backed Debt Rating Lowered To 'A' From 'A+' On Weakened Finances, Economy" Oct 03, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Marion-Community-Schools-IN-Property-Tax-Backed-Debt-Rating-Lowered-To-A-From-A-On-Weakened-Finances-Economy-3452805>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Marion Community Schools, IN Property-Tax-Backed Debt Rating Lowered To 'A' From 'A+' On Weakened Finances, Economy Oct 03, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Marion-Community-Schools-IN-Property-Tax-Backed-Debt-Rating-Lowered-To-A-From-A-On-Weakened-Finances-Economy-3452805>
  
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