Indiana Finance Authority Series 2022D State Revolving Fund Bonds Assigned 'AAA' Rating

NEW YORK (S&P Global Ratings) Oct. 14, 2022--S&P Global Ratings assigned its 'AAA' long-term rating to the Indiana Finance Authority's (IFA) $105 million series 2022D state revolving fund (SRF) program bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on IFA's debt outstanding under its wastewater and drinking water bond indentures, and on IFA's 2019 Water Infrastructure Finance and Innovation Act (WIFIA) loan agreement. The outlook is stable. "We assess IFA's enterprise risk profile as extremely strong," said S&P Global Ratings credit analyst Adam Torres. We note that the pool has ongoing support from multiple levels of government and was established by statute. Furthermore, the portfolio's loss coverage score, operating performance, and financial policies likewise lead

...October 14, 2022 NEW YORK (S&P Global Ratings) Oct. 14, 2022--S&P Global Ratings assigned its '###' long-term rating to the Indiana Finance Authority's (IFA) $105 million series 2022D state revolving fund (SRF) program bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating on IFA's debt outstanding under its wastewater and drinking water bond indentures, and on IFA's 2019 Water Infrastructure Finance and Innovation Act (WIFIA) loan agreement. The outlook is stable. "We assess IFA's enterprise risk profile as extremely strong," said S&P Global Ratings credit analyst Adam Torres. We note that the pool has ongoing support from multiple levels of government and was established by statute. Furthermore, the portfolio's loss coverage score, operating performance, and financial policies likewise lead to our assessment of an extremely strong financial risk profile. The stable outlook reflects our expectation that, as additional bonds are issued, management will maintain...

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