This report does not constitute a rating action. S&P Global Ratings' long-term rating on the Indiana Finance Authority 's revenue bonds, issued for the Community Foundation of Northwest Indiana Obligated Group , is 'AA-'. The outlook is stable. Under the master trust indenture (MTI), an unrestricted accounts receivable pledge secures the bonds and other MTI-secured debt, including the organization's existing private placements. The financials cited in this report reflect that of the Community Foundation of Northwest Indiana Inc. and Subsidiaries (CFNI). On March 5, 2024, CFNI filed a certificate of assumed business name certifying that the system would transact under the assumed name of Powers Health. The 'AA-' rating reflects our view of CFNI's very strong financial profile, underlined by
