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

Standard&Poor's Ratings Services assigned its 'AA+' long-term program rating and 'A+' underlying rating to Greenwood School Building Corp., Ind.'s series 2015 and 2016 ad valorem property tax first-mortgage bonds, issued for Greenwood Community School Corp.. We also affirmed our 'AA+' long-term program rating, as well as our 'A+' underlying rating, on the school corporation's existing bonds. The outlook is stable. We based our 'AA+' rating on the school corporation meeting our Indiana State Aid Intercept program criteria. The credit characteristics of the rating are supported by the availability of state aid to be intercepted to cover debt service payments. The 'A+' underlying rating reflects our view of the school corporation's: Participation in the deep and diverse Indianapolis metropolitan

...Standard & Poor's Ratings Services assigned its '##+' long-term program rating and 'A+' underlying rating to Greenwood School Building Corp., Ind.'s series 2015 and 2016 ad valorem property tax first-mortgage bonds, issued for Greenwood Community School Corp.. We also affirmed our '##+' long-term program rating, as well as our 'A+' underlying rating, on the school corporation's existing bonds. The outlook is stable. We based our '##+' rating on the school corporation meeting our Indiana State Aid Intercept program criteria. The credit characteristics of the rating are supported by the availability of state aid to be intercepted to cover debt service payments. The 'A+' underlying rating reflects our view of the school corporation's:...

Summary