Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation - S&P Global Ratings’ Credit Research

Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation

Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation - S&P Global Ratings’ Credit Research
Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation
Published Sep 22, 2016
Published Sep 22, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2016B refunding bonds, issued on behalf of the city of Indianapolis. The rating is based on a pledge of special benefits ad valorem property taxes levied on all taxable property in the city's Redevelopment District, which is coterminous with the city. At the same time, we affirmed our 'AA' rating on existing ad valorem tax-secured debt issued by and on behalf of the city, as well as our 'AA-' rating on its lease-backed debt. The city's lease-backed debt is subject to annual appropriation, and we set this rating one notch below the general obligation (GO) equivalent ad valorem tax rating to reflect this

  
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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation" Sep 22, 2016. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Indianapolis-Local-Public-Improvement-Bond-Bank-Indianapolis-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Moral-Obligation-1718535>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation Sep 22, 2016. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Indianapolis-Local-Public-Improvement-Bond-Bank-Indianapolis-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Moral-Obligation-1718535>
  
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