Indiana Finance Authority Community Foundation of Northwest Indiana Obligated Group; System

Standard&Poor's Ratings Services affirmed its 'A' long-term rating and underlying rating (SPUR) on the Indiana Finance Authority's series 2012 bonds and its 'A' long-term rating on the authority's series 2007 and 2015 hospital revenue bonds. All bonds were issued for Community Foundation of Northwest Indiana Obligated Group (CFNI). The outlook is positive. The outlook revision reflects our view of CFNI's ability to improve its strong operations and grow its unrestricted reserves. With its strong operations in fiscal 2015, we anticipated that CFNI will be able to hold the margin at a level of 6% or greater into the near future, thus supporting the positive outlook. As CFNI has invested in outpatient facilities to help expand its market reach

...Standard & Poor's Ratings Services affirmed its 'A' long-term rating and underlying rating (SPUR) on the Indiana Finance Authority's series 2012 bonds and its 'A' long-term rating on the authority's series 2007 and 2015 hospital revenue bonds. All bonds were issued for Community Foundation of Northwest Indiana Obligated Group (CFNI). The outlook is positive. The outlook revision reflects our view of CFNI's ability to improve its strong operations and grow its unrestricted reserves. With its strong operations in fiscal 2015, we anticipated that CFNI will be able to hold the margin at a level of 6% or greater into the near future, thus supporting the positive outlook. As CFNI has invested in outpatient facilities to help expand its market reach that have outperformed management's expectations and have attracted more business to the three acute-care facilities, the leadership team continues to prepare for the transitioning health care landscape. CFNI continues to distinguish itself as the...

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