Summary: Indiana Finance Authority Community Foundation of Northwest Indiana Obligated Group; System

Standard&Poor's Ratings Services assigned its 'A' long-term rating to the Indiana Finance Authority's (IFA) series 2015 bonds. At the same time, Standard&Poor's affirmed its 'A' long-term rating and underlying rating (SPUR) on the IFA's series 2012 bonds and its 'A' long-term rating on the IFA's series 2007 hospital revenue bonds. All bonds were issued for Community Foundation of Northwest Indiana Obligated Group (CFNI). The outlook is stable. The rating reflects our view of CFNI's ability to maintain strong operations and increase its unrestricted reserves. CFNI's leadership continues to focus on expanding the system to help sustain the strong business position in northwest Indiana. With this in mind, CFNI has acquired an outpatient clinic in Portage to

...Standard & Poor's Ratings Services assigned its 'A' long-term rating to the Indiana Finance Authority's (IFA) series 2015 bonds. At the same time, Standard & Poor's affirmed its 'A' long-term rating and underlying rating (SPUR) on the IFA's series 2012 bonds and its 'A' long-term rating on the IFA's series 2007 hospital revenue bonds. All bonds were issued for Community Foundation of Northwest Indiana Obligated Group (CFNI). The outlook is stable. The rating reflects our view of CFNI's ability to maintain strong operations and increase its unrestricted reserves. CFNI's leadership continues to focus on expanding the system to help sustain the strong business position in northwest Indiana. With this in mind, CFNI has acquired an outpatient clinic in Portage to help support its St. Mary Medical Center in Hobart. CFNI also continues to see growth in the number of patients utilizing St. Mary's from the Valparaiso market, after making an investment in the area in 2012. Finally, CFNI has replaced...

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