...April 4, 2024 HARTFORD (S&P Global Ratings) April 4, 2024--S&P Global Ratings raised its rating on Jeffersonville, Ind.'s property-tax-backed debt one notch to '##' from '##-'. The outlook is stable. S&P Global Ratings also assigned its '##' rating and stable outlook to Jeffersonville Redevelopment Commission, Ind.'s roughly $18 million series 2024 redevelopment-district tax-increment revenue bonds, issued for Jeffersonville. The rating action reflects our view of the city's improved economy and Financial Management Assessment (FMA) to good from standard. "We could lower the rating if available reserves were to decrease materially and remain at levels we consider consistent with lower-rated peers or if future audits were to contain egregious or outsized findings for the current rating and sector," said S&P Global Ratings credit analyst Alex Tomczuk. "We could raise the rating if future audits were to comply with generally accepted accounting principles and not contain an auditor's adverse...
