Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Moral Obligation - S&P Global Ratings’ Credit Research

Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Moral Obligation

Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Moral Obligation - S&P Global Ratings’ Credit Research
Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Moral Obligation
Published Jun 06, 2013
Published Jun 06, 2013
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has raised its long-term and underlying (SPUR) ratings on The Indianapolis Local Public Improvement Bond Bank, Ind.'s (Indianapolis) series 2002G refunding bonds to 'AA+' from 'AA'. This action is based on the defeasance of bonds through the deposit of a combination of cash and bond proceeds into an escrow fund on June 6, 2013. The outlook is negative. The 'AA+' rating is based on the Assigning Ratings To Bonds In The U.S. Based On Escrowed Collateral criteria whereas the previous 'AA' rating was based on Moral Obligation Bonds criteria. The collateral in the escrow account will not be invested and will remain as cash. The escrow will pay the remaining 2002G bonds on the redemption

  
Report Type:

Summary

Issuer
Indianapolis
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Moral Obligation" Jun 06, 2013. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Indianapolis-Local-Public-Improvement-Bond-Bank-Indiana-Indianapolis-Moral-Obligation-1141890>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Moral Obligation Jun 06, 2013. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Indianapolis-Local-Public-Improvement-Bond-Bank-Indiana-Indianapolis-Moral-Obligation-1141890>
  
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