S&P assigns rating of A to Avon, Ind., school bonds

Standard & Poor's said it assigned its A long-term enhanced rating and a stable outlook to Avon Two Thousand School Building Corp., Ind.'s $73.9 million series 2008 first mortgage bonds, issued for Avon Community School Corp.

The bonds are due Jan. 15, 2033. Proceeds will finance the cost of acquiring, constructing and equipping the new River Birch Elementary School and an addition to Avon High School, and to pay issuance costs.

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