Standard & Poor's Ratings Services said it lowered its school issuer credit rating on North Gibson School Corp., Ind., to A-plus from AA-minus.

At the same time, it affirmed its AA-plus long-term rating on North Gibson Multi School Building Corp. bonds, issued for North Gibson School Corp., reflecting the school corporation's eligibility for, and participation in the Indiana State Aid Intercept Program. The strength and availability of state aid to intercept program participants support the program's credit characteristics.

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