Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Water/Sewer

S&P Global Ratings assigned its 'AAA' rating and stable outlook to Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2019F stormwater revenue bonds, issued for Indianapolis, and affirmed its 'AAA' rating, with a stable outlook, on the bond bank's existing stormwater system senior-lien revenue debt, issued for Indianapolis. The rating reflects our opinion of the combination of very strong enterprise-risk and extremely strong financial-risk profiles. The enterprise-risk profile reflects our opinion of the system's: Service-area participation in the broad and diverse Indianapolis metropolitan statistical area (MSA) economy; Very low industry risk as a monopolistic service provider of an essential public utility; Affordable rates, even with annual rate increases planned through 2034; and Strong operational management practices and policies under our

...S&P Global Ratings assigned its '###' rating and stable outlook to Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2019F stormwater revenue bonds, issued for Indianapolis, and affirmed its '###' rating, with a stable outlook, on the bond bank's existing stormwater system senior-lien revenue debt, issued for Indianapolis. The rating reflects our opinion of the combination of very strong enterprise-risk and extremely strong financial-risk profiles. The enterprise-risk profile reflects our opinion of the system's: + Service-area participation in the broad and diverse Indianapolis metropolitan statistical area (MSA) economy; + Very low industry risk as a monopolistic service provider of an essential public utility; + Affordable rates, even with annual rate increases planned through 2034; and + Strong operational management practices and policies under our Operational Management Assessment methodology. The financial-risk profile reflects our opinion of the system's: + All-in debt...

Summary