Summary: Benton School Improvement Building Corp., Indiana Benton Community School Corp.; School State Program - S&P Global Ratings’ Credit Research

Summary: Benton School Improvement Building Corp., Indiana Benton Community School Corp.; School State Program

Summary: Benton School Improvement Building Corp., Indiana Benton Community School Corp.; School State Program - S&P Global Ratings’ Credit Research
Summary: Benton School Improvement Building Corp., Indiana Benton Community School Corp.; School State Program
Published Nov 02, 2016
7 pages (2908 words) — Published Nov 02, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' enhanced rating and 'A+' underlying rating to Benton School Improvement Building Corp., Ind.'s series 2016 ad valorem property tax first-mortgage bonds, issued for Benton Community School Corp. At the same time, we affirmed our 'AA+' enhanced rating on the district's existing debt. The outlook is stable. The 'AA+' enhanced rating is based on the school district's meeting our Indiana State Aid Intercept program rating criteria and having state aid cover maximum annual debt service (MADS) by more than 2x. The rating further reflects our view of the availability of state aid to be intercepted to cover debt service payments. The 'A+' underlying rating reflects our opinion of the school corporation's: Stable and mostly rural

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' enhanced rating and 'A+' underlying rating to Benton School Improvement Building Corp., Ind.'s series 2016 ad valorem property tax first-mortgage bonds, issued for Benton Community School Corp. At the same time, we affirmed our '##+' enhanced rating on the district's existing debt. The outlook is stable. The '##+' enhanced rating is based on the school district's meeting our Indiana State Aid Intercept program rating criteria and having state aid cover maximum annual debt service (MADS) by more than 2x. The rating further reflects our view of the availability of state aid to be intercepted to cover debt service payments. The 'A+' underlying rating reflects our opinion of the school corporation's:...

  
Report Type:

Summary

Issuer
Benton Comnty Sch Corp
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Benton School Improvement Building Corp., Indiana Benton Community School Corp.; School State Program" Nov 02, 2016. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Benton-School-Improvement-Building-Corp-Indiana-Benton-Community-School-Corp-School-State-Program-1750020>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Benton School Improvement Building Corp., Indiana Benton Community School Corp.; School State Program Nov 02, 2016. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Benton-School-Improvement-Building-Corp-Indiana-Benton-Community-School-Corp-School-State-Program-1750020>
  
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