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

S&P Global Ratings' long-term general obligation (GO) rating, underlying rating (SPUR), and issuer credit rating (ICR) on the City of  Indianapolis, Ind. is 'AA+'. S&P Global Ratings' long-term rating and SPUR on the city's moral obligation debt is 'AA-'. The outlook is positive. The'AA+' long-term rating on Indianapolis supports the previously issued bonds secured by ad valorem property tax debt levied within the Indianapolis-Marion County consolidated city-county jurisdiction. The bonds secured by the city's or units' ad valorem property tax pledge are subject to state circuit-breaker tax caps, which cap the property tax burden for taxpayers based on a percent of the real estate parcels' gross assessed value. We rate the bonds at the same level as our view of

...Most recent Historical information 2021 2020 2019 Adequate economy Projected per capita EBI % of U.S. 75 Market value per capita ($) 105,598 Population 882,039 873,472 869,922 County unemployment rate(%) 4.4 Market value ($000) 93,141,731 -- Ten largest taxpayers % of taxable value 7.5 Strong budgetary performance Operating fund result % of expenditures 3.3 13.7 0.6 Total governmental fund result % of expenditures (7.9) 7.3 0.3 Very strong budgetary flexibility Available reserves % of operating expenditures 34.8 40.2 24.8 Total available reserves ($000) 276,504 279,840 190,492 Very strong liquidity Total government cash % of governmental fund expenditures 77 74 46 Total government cash % of governmental fund debt service 459 437 202 Very strong management Financial Management Assessment Strong Weak debt & long-term liabilities Debt service % of governmental fund expenditures 16.8 16.9 22.6 Net direct debt % of governmental fund revenue 114 WWW.STANDARDANDPOORS.COM/RATINGSXPRESS JUNE 2,...

Summary