S&P Global Ratings affirmed its 'AA-' long-term and underlying rating (SPUR) on the Indiana Finance Authority's revenue bonds issued for the Community Foundation of Northwest Indiana (CFNI). The outlook is stable. The 'AA-' rating reflects our view of CFNI's very strong financial profile, underlined by the organization's consistently solid operating performance, robust cash flow, and growing balance sheet. The rating also reflects our view of CFNI's healthy enterprise profile, highlighted by the organization's leading business position and growing market share in the competitive northwest Indiana market, robust demand for services, strong physician network, favorable payor market, and a seasoned leadership team that has successfully responded to a changing health care landscape via strategic growth and value-based initiatives. The rating also
