Standard&Poor's Ratings Services raised its long-term rating to 'AA-' from 'A+' on Jeffersonville Building Corp., Ind.'s series 2006A-C first mortgage bonds, issued for Jeffersonville, based on its local GO criteria released Sept. 12, 2013. At the same time, we raised our long-term rating to 'AA-' from 'A+' on Jeffersonville Redevelopment Authority's series 2004 and series 2009 lease rental bonds, also issued for the city. The outlook is stable. The series 2004 and 2009 bonds are secured by lease rental payments made by the Jeffersonville Redevelopment Commission (coterminous with the city) to the Jeffersonville Redevelopment Authority. Lease payments are secured by ad valorem property taxes, and are not subject to annual appropriation. We understand the city forgoes the ad
