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

Summary: Warsaw Community School Corp., Indiana Warsaw Multi-School Building Corp.; School State Program

Summary: Warsaw Community School Corp., Indiana Warsaw Multi-School Building Corp.; School State Program - S&P Global Ratings’ Credit Research
Summary: Warsaw Community School Corp., Indiana Warsaw Multi-School Building Corp.; School State Program
Published Nov 05, 2015
6 pages (2574 words) — Published Nov 05, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has assigned its 'A+' underlying rating and 'AA+' enhanced program rating to Warsaw Multi-School Building Corp., Ind.'s series 2015 unlimited ad valorem property tax first-mortgage bonds, issued on behalf of Warsaw Community School Corp. At the same time, we affirmed our existing 'AA+' program ratings on first-mortgage bonds issued by the building corporation on behalf of the school corporation. The outlook for all ratings is stable. The 'AA+' program rating is based on the school corporation meeting our Indiana State Aid Intercept program rating criteria and having state aid cover maximum annual debt services (MADS) by more than 2x. The credit characteristics of the rating are supported by the availability of state aid to be

  
Brief Excerpt:

...Standard & Poor's Ratings Services has assigned its 'A+' underlying rating and '##+' enhanced program rating to Warsaw Multi-School Building Corp., Ind.'s series 2015 unlimited ad valorem property tax first-mortgage bonds, issued on behalf of Warsaw Community School Corp. At the same time, we affirmed our existing '##+' program ratings on first-mortgage bonds issued by the building corporation on behalf of the school corporation. The outlook for all ratings is stable. The '##+' program rating is based on the school corporation meeting our Indiana State Aid Intercept program rating criteria and having state aid cover maximum annual debt services (MADS) by more than 2x. 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:...

  
Report Type:

Summary

Issuer
Warsaw Community Schools
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: Warsaw Community School Corp., Indiana Warsaw Multi-School Building Corp.; School State Program" Nov 05, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Warsaw-Community-School-Corp-Indiana-Warsaw-Multi-School-Building-Corp-School-State-Program-1476060>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Warsaw Community School Corp., Indiana Warsaw Multi-School Building Corp.; School State Program Nov 05, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Warsaw-Community-School-Corp-Indiana-Warsaw-Multi-School-Building-Corp-School-State-Program-1476060>
  
US$ 225.00
$  £  €
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