...S&P Global Ratings has assigned its '###' long-term rating to the Indiana Finance Authority's (IFA) series 2019 state revolving fund (SRF) program bonds, which have been designated by IFA as green bonds. At the same time, S&P Global Ratings also affirmed its '###' long-term rating on IFA's previously issued debt under its bond indenture. The outlook is stable. The ratings reflect our view of 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 (LCS), operating performance, and financial policies. Because we view securitizations backed by pools of public-sector assets as highly sensitive to country risk, we cap the rating on the securitization at two notches above the sovereign. However, no specific sovereign default stress is applied, given the U.S. sovereign rating is '##+'....
