Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Jeffersonville Redevelopment Authority, Ind.'s series 2016 economic development lease rental refunding bonds issued on behalf of Jeffersonville. At the same time, we affirmed the 'AA-' long-term ratings on the city's existing debt. The outlook is stable. The rating reflects our assessment of the following factors for the city: Adequate economy, with access to a broad and diverse metropolitan statistical area (MSA); Adequate management, with "standard" financial policies and practices under our Financial Management Assessment methodology; Adequate budgetary performance, with operating results that we expect could improve in the near term relative to fiscal 2015, which closed with operating deficits in the general fund and at the total governmental fund
