S&P Global Ratings assigned its'AA+'long-term rating (based on credit enhancement) and'A+'underlying rating to Whitley County Consolidated Schools (the district), Indiana's anticipated $5.365 million general obligation (GO) bonds of 2026. At the same time, S&P Global Ratings affirmed its'AA+'long-term rating (based on credit enhancement) and'A+'underlying rating on the district's existing debt. The outlook is stable. Ad valorem property taxes--subject to state circuit-breaker tax caps that limit the property tax burden for taxpayers based on a percentage of the real estate parcels'gross assessed value--secure the 2026 GO bonds. We rate the debt at the same level as our view of the school corporation's general creditworthiness because there are no significant limitations on the
