Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to the Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2015A revenues bonds (IndyRoads), issued for the city of Indianapolis. At the same time, we affirmed our 'AAA' rating on the bond bank's existing series 2013H bonds, also issued for the city. The outlook is stable. The 'AAA' rating reflects our view of: A deep, stable revenue source from numerous fees and taxes collected both locally and across the state; Very strong coverage from pledged state-distributed revenues; and A strong historical additional bonds test (ABT) of 3x maximum annual debt service (MADS). The bond bank intends to use bond proceeds to purchase Indianapolis' series 2015A IndyRoads revenue bonds. The
