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 (CFNI; d/b/a Powers Health), is'AA-'. The outlook is stable. An unrestricted accounts receivable pledge secures the bonds and other master trust indenture-secured debt, including the organization's existing private placements. The'AA-'rating reflects our view of CFNI's very strong financial profile, underlined by the organization's consistently solid operating performance, as well as robust cash flow-generation capabilities. The rating also reflects CFNI's healthy balance sheet, marked by a track record of superior days'cash on hand (DCOH) and low leverage, with no new debt expected over the outlook period. The rating
