Summary: Indiana Finance Authority   Community Foundation of Northwest Indiana Obligated Group; System - S&P Global Ratings’ Credit Research

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

Summary: Indiana Finance Authority   Community Foundation of Northwest Indiana Obligated Group; System - S&P Global Ratings’ Credit Research
Summary: Indiana Finance Authority Community Foundation of Northwest Indiana Obligated Group; System
Published Apr 28, 2023
5 pages (1871 words) — Published Apr 28, 2023
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Abstract:

S&P Global Ratings' long-term rating and underlying rating (SPUR) on the Indiana Finance Authority's revenue bonds, issued for the Community Foundation of Northwest Indiana Obligated Group (CFNI), is 'AA-'. The outlook is stable. Under CFNI's master trust indenture (MTI), an unrestricted accounts receivable pledge secures the bonds and other MTI-secured debt, including the organization's existing private placements. The 'AA-' rating reflects our view of CFNI's very strong financial profile, underlined by the organization's consistently solid operating performance, robust cash flow, and healthy balance sheet. The rating also reflects our view of CFNI's healthy enterprise profile, highlighted by the organization's leading business position and leading market share in the competitive northwest Indiana market, robust demand for services, strong physician network, favorable

  
Brief Excerpt:

...+ S&P Global Ratings' long-term rating and underlying rating (SPUR) on the Indiana Finance Authority's revenue bonds, issued for the Community Foundation of Northwest Indiana Obligated Group (CFNI), is '##-'. + The outlook is stable....

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Indiana Finance Authority Community Foundation of Northwest Indiana Obligated Group; System" Apr 28, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Indiana-Finance-Authority-Community-Foundation-of-Northwest-Indiana-Obligated-Group-System-2980209>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Indiana Finance Authority Community Foundation of Northwest Indiana Obligated Group; System Apr 28, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Indiana-Finance-Authority-Community-Foundation-of-Northwest-Indiana-Obligated-Group-System-2980209>
  
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