CHICAGO (S&P Global Ratings) March 15, 2022--S&P Global Ratings assigned its 'AA-' long-term rating to the Indiana Finance Authority's $144.89 million series 2022 taxable revenue bonds issued for the Community Foundation of Northwest Indiana (CFNI). S&P Global Ratings also affirmed its 'AA-' long-term rating on the authority's revenue bonds issued for CFNI. The outlook is stable. "The 'AA-' rating reflects our view of CFNI's very strong financial profile, underlined by the organization's consistently solid operating performance, robust cash flow, and growing balance sheet," said S&P Global Ratings credit analyst Marc Bertrand. The rating also reflects our view of CFNI's healthy enterprise profile, highlighted by the organization's leading business position and growing market share in the competitive northwest Indiana market, robust
