S&P Global Ratings has assigned its 'AAA' long-term rating to the Indiana Finance Authority's (IFA) series 2017B state revolving fund (SRF) program bonds and 2017C SRF refunding bonds, both of which have been designated by IFA as green bonds. We have also affirmed our 'AAA' long-term rating on the IFA's previously issued debt under its bond indenture. The outlook is stable. 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, reflected by its loss coverage score (LSC), operating performance, and financial policies. Because we view securitizations backed by pools of public-sector assets as
