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Indianapolis GO Bond Rating Lowered To 'AA' Based On New Local GO Criteria

Published Dec 17, 2013

1068 words — Published Dec 17, 2013

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Abstract:

CHICAGO (Standard&Poor's) Dec. 17, 2013--Standard&Poor's Ratings Services said that it lowered its issuer credit rating (ICR) to 'AA' from 'AAA' on Indianapolis, Ind., based on our recently released local general obligation (GO) criteria. At the same time, Standard&Poor's lowered its ratings on the city's GO and ad-valorem property tax-backed debt to 'AA' from 'AAA', certificates of participation (COPs) to 'AA-' from 'AA+', and moral obligation-backed debt to 'A' from 'AA'. The outlook on all debt is stable. The 'AA' ratings are based on ad-valorem property tax pledges, subject to state circuit-breaker legislation. The 'AA-' rating on the COPs reflects annual appropriation risk, and the 'A' rating on the moral obligation debt is based on

Brief Excerpt:

RESEARCH Indianapolis GO Bond Rating Lowered To '##' Based On New Local GO Criteria Publication date: 17-Dec-2013 Primary Credit Analyst: John Sauter, Chicago (1) 312-233-7027; john.sauter@standardandpoors.com Secondary Contact: Steffanie...

Report Type:

Ratings Action

Issuer

Indianapolis

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

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MLA:	S&P Global Ratings’ Credit Research. "Indianapolis GO Bond Rating Lowered To 'AA' Based On New Local GO Criteria" Dec 17, 2013. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Indianapolis-GO-Bond-Rating-Lowered-To-AA-Based-On-New-Local-GO-Criteria-1228729>

APA:	S&P Global Ratings’ Credit Research. (). Indianapolis GO Bond Rating Lowered To 'AA' Based On New Local GO Criteria Dec 17, 2013. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Indianapolis-GO-Bond-Rating-Lowered-To-AA-Based-On-New-Local-GO-Criteria-1228729>

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