CHICAGO (Standard&Poor's) Aug. 29, 2005—Standard&Poor's Ratings Services has assigned its 'A-' rating to Goshen Redevelopment Commission, Ind.'s $2.62 million redevelopment district bonds series 2005A, issued for Goshen, reflecting an expanding manufacturing employment base. The bonds are scheduled to sell on Aug. 30. The outlook is stable. The rating also reflects access to Elkhart, Ind.'s diverse employment base; below-average unemployment; and adequate financial operations. Below-average income levels and a high overall net debt burden temper these credit strengths. The stable outlook reflects the expectation that the city will maintain adequate financial operations and reserves. Incremental real property tax revenues from three economic development areas are intended to pay debt service on the bonds. To the extent tax
