S&P Global Ratings has assigned its 'AA+' long-term program rating and 'A+' underlying rating for credit program to Marion High School Building Corp., Ind.'s series 2019 $8.69 million ad valorem property tax first-mortgage refunding bonds, issued for Marion Community Schools. At the same time, we affirmed our 'AA+' long-term program rating and 'A+' underlying rating for credit program on existing debt issued by and for the school corporation. The outlook on the program rating is stable and reflects that of the state. The outlook on the underlying rating is stable. The district has historically maintained very strong reserves, which we view as a credit strength as they give it cushion to adjust its budget in the event of unexpected budget
