CHICAGO (S&P Global Ratings) Oct. 21, 2016--S&P Global Ratings Ratings raised its long-term rating and underlying rating (SPUR) to 'A+' from 'A' on the Indiana Finance Authority's series 2012 bonds and series 2007 and 2015 hospital revenue bonds. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the authority's series 2016 bonds. All bonds were issued for Community Foundation of Northwest Indiana (CFNI) Obligated Group. The outlook is stable. "The rating action reflects our view of CFNI's ability to sustain strong operations," said S&P Global Ratings credit analyst Brian Williamson. The outlook reflects our view that CFNI will continue to execute strategic initiatives to support the higher rating.
