Fitch Ratings in late December upgraded to AA from AA-minus the New Albany Plain Local School District’s $79 million of outstanding unlimited-tax general obligation debt as part of its routine credit surveillance.

Analysts wrote that the district’s credit reflects elevated income levels, substantial reserves, rapid enrollment growth, and a high debt burden. The rating also incorporates a strong record of voter support evidenced most recently with the adoption of an increase to the property tax levy in November.

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