NEW YORK (Standard&Poor's) Dec. 7, 2012--Standard&Poor's Ratings Services today assigned its preliminary short-term 'A-1+' rating assigned to Indiana Finance Authority's (the issuer's) $1.259 billion industrial development revenue bonds series 2012 (for the Midwest Fertilizer Corp. project), due July 1, 2042. The assigned preliminary rating is based on our credit opinion of the sufficiency, liquidity, and credit quality of the escrowed collateral supporting the repayment of the bonds when the bonds are in the initial interest rate mode. The collateral primarily comprises time-deposit state and local government series securities (time-deposit SLGS) issued by the U.S. Treasury. The rating applies to the bonds until the original termination date of July 1, 2013. Changes to our rating on the
