...NEW YORK (Standard & Poor's) Nov. 11, 2015--Standard & Poor's Ratings Services today affirmed its ratings on seven LOC-supported bond issues related to Sumitomo Mitsui Banking Corp. (see list). Today's rating actions reflect the Sept. 17, 2015, lowering of our long-term issuer credit rating on Sumitomo Mitsui Banking Corp. to 'A' from 'A+' and affirmation of our short-term issuer credit rating at 'A-1'. The long- and short-term components of our rating on Indiana Finance Authority's series 2009A-4 and 2009A-5 bonds are based on our long- and short-term issuer credit ratings on, as well as the joint support provided by, Sumitomo Mitsui Banking Corp. (A/A-1), the LOC provider, and Duke Energy Indiana Inc. (A-/A-2), the obligor, assuming a low correlation level between the LOC provider and obligor. The long- and short-term components of our rating on California Infrastructure & Economic Development Bank's 2009-C and 2009-D bonds are based on our long- and short-term issuer credit ratings on,...
