Community Foundation Of Northwest Indiana Obligated Group's Series 2015 Bonds Assigned 'A' Rating

CHICAGO (Standard&Poor's) March 10, 2015--Standard&Poor's Ratings Services assigned its 'A' long-term rating to the Indiana Finance Authority's (IFA) series 2015 bonds. At the same time, Standard&Poor's affirmed its 'A' long-term rating and underlying rating (SPUR) on the IFA's series 2012 bonds and its 'A' long-term rating on the IFA's series 2007 hospital revenue bonds. All bonds were issued for Community Foundation of Northwest Indiana Obligated Group (CFNI). The outlook is stable. "The rating reflects our view of CFNI's ability to maintain strong operations and increase its unrestricted reserves," said Standard&Poor's credit analyst Brian Williamson. CFNI will use the proceeds of the series 2015 bonds to refinance a portion of the series 2007

...CHICAGO (Standard & Poor's) March 10, 2015--Standard & Poor's Ratings Services assigned its 'A' long-term rating to the Indiana Finance Authority's (IFA) series 2015 bonds. At the same time, Standard & Poor's affirmed its 'A' long-term rating and underlying rating (SPUR) on the IFA's series 2012 bonds and its 'A' long-term rating on the IFA's series 2007 hospital revenue bonds. All bonds were issued for Community Foundation of Northwest Indiana Obligated Group (CFNI). The outlook is stable. "The rating reflects our view of CFNI's ability to maintain strong operations and increase its unrestricted reserves," said Standard & Poor's credit analyst Brian Williamson. CFNI will use the proceeds of the series 2015 bonds to refinance a portion of the series 2007 bonds. The stable outlook reflects our view that CFNI will continue to execute its strategic initiatives to help support operations. RELATED CRITERIA AND RESEARCH Related Criteria + USPF Criteria: Not-For-Profit Health Care, June 14, 2007...

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