Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Indiana Finance Authority's (IFA) series 2012C state revolving fund program bonds. We have also affirmed the 'AAA' long-term rating on IFA's previously issued debt under its bond indenture. The ratings reflect the following characteristics: An extremely strong enterprise risk profile, given that the pool has ongoing support from multiple levels of government and was established by statute; and An extremely strong financial risk profile, with loss coverage score, operating performance, and financial policies consistent with this profile. The authority will use the series 2012C bond proceeds to make additional loans. Payment of debt service is secured through the trust estate, which primarily consists of loan principal and interest
