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

S&P Global Ratings raised its long-term ratings on 19 obligations issued by the Indianapolis Local Public Improvement Bond Bank on behalf of the city of Indianapolis, two notches to 'AA-' from 'A'; these bonds are rated based on the moral obligation pledge. At the same time, S&P Global Ratings raised its long-term ratings on certain bonds issued by the bond bank on behalf of the Health&Hospital Corp. (HHC) of Marion County, one notch to 'AA+' from 'AA'. the Health&Hospital Corp. (HHC) of Marion County, one notch to 'AA+' from 'AA'. The outlook on all ratings is stable. The upgrades are based on the application of our "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness,"

...S&P Global Ratings raised its long-term ratings on 19 obligations issued by the Indianapolis Local Public Improvement Bond Bank on behalf of the city of Indianapolis, two notches to '##-' from 'A'; these bonds are rated based on the moral obligation pledge. At the same time, S&P Global Ratings raised its long-term ratings on certain bonds issued by the bond bank on behalf of the Health & Hospital Corp. (HHC) of Marion County, one notch to '##+' from '##'. the Health & Hospital Corp. (HHC) of Marion County, one notch to '##+' from '##'. The outlook on all ratings is stable. The upgrades are based on the application of our "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness," criteria, published Jan. 22, 2018. The rating on the HHC bonds also reflects our determination that the hospital corporation debt would not be rated under our revised "U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations" criteria, published March 19, 2018....

Summary