...S&P Global Ratings affirmed its '##-' long-term rating on Brownsburg (Hendricks County), Ind.'s series 2011A sewage works revenue bonds. The rating reflects our view of the town's extremely strong enterprise risk profile and strong financial risk profile. The outlook is stable. The sewer system supports about $22.8 million of outstanding series 2009A, 2011A bonds, and 2016 State Revolving Fund (SRF) obligations. The enterprise risk profile reflects our view of the sewer system's: + Service area in Hendricks County in central Indiana, about 15 miles northwest of Indianapolis in the strong Indianapolis-Carmel-Anderson metropolitan statistical area (MSA); + Very affordable service rates in the context of the town's strong median household effective buying income (MHHEBI) of about 120% of the national level and the low county poverty rate below 10%; + Very low industry risk as a monopolistic service provider of an essential public utility; and + Good operational management assessment, represented...
