Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Indiana Finance Authority's (IFA) series 2012B 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 outlook is stable. The ratings reflect our opinion 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, with loss coverage score, operating performance, and financial policies consistent with this profile. The authority will use the series 2012 bond proceeds to reimburse itself for previous loan disbursements, as well as make additional loans to borrowers.
