Standard&Poor's Ratings Services has assigned its 'A' rating to Jeffersonville, Ind.'s sewage works revenue bonds, series 2010B, 2010C-1, and 2010C-2. At the same time, Standard&Poor's has affirmed its 'A' rating on the city sewage system's 2009 bonds. The rating reflects our assessment of the system's: Good coverage of annual debt service with strong liquidity levels; Adequate income and wealth indicators; and Participation in the Louisville, Ky. economic base. In our opinion, these strengths are somewhat lessened by the city's significant capital needs, which will continue to be addressed over the next few years with additional rate increases planned. The bonds are secured by the city's net revenue pledge of its sewage works system. We understand that
