Standard&Poor's Ratings Services affirmed its 'A+' long-term rating on Jefferson Building Corp., Ind.'s series 2006A-C first-mortgage bonds, issued for Jeffersonville. At the same time, we affirmed our 'A+' long-term rating on Jeffersonville Redevelopment Authority's series 2004 and series 2009 lease rental bonds, issued for the city. The outlook is stable. The 'A+' rating reflect our view of the city's: Participation in the Louisville, Ky. metropolitan economy; Strong wealth, measured as gross assessed value (AV) per capita; Good general fund reserve position, as measured on a cash basis of accounting, with substantial unrestricted reserves available outside of the general fund; and Moderate debt burden. In our view, the city's adequate, yet below-average incomes partly offset these strengths. The series
