Summary: Jeffersonville Redevelopment Commission, Indiana Jeffersonville; General Obligation

S&P Global Ratings raised its rating on Jeffersonville, Ind.'s property-tax-backed debt one notch to 'AA' from 'AA-'. S&P Global Ratings also assigned its 'AA' rating to Jeffersonville Redevelopment Commission, Ind.'s roughly $18 million series 2024 redevelopment-district tax-increment revenue bonds, issued for Jeffersonville. The outlook is stable. The rating action reflects our view of the city's improved economy and Financial Management Assessment (FMA) to good from standard. Tax-increment-financing (TIF) revenue, generated from Inner-City Roads Allocation Area, secures the series 2024 bonds. If TIF revenue is insufficient, the commission agrees to levy ad valorem property taxes (a special-benefits tax) on all taxable property within the redevelopment district, which is coterminous with the city, subject to state circuit-breaker legislation. The rating on the

...Most recent --Historical information-- 2023 2022 2021 Very strong debt and long-term liabilities Debt service as a % of governmental fund expenditures -- 2.5 5.0 3.3 Net direct debt as a % of governmental fund revenue 49.9 -- -- -- Overall net debt as a % of market value 3.5 -- -- -- Direct debt 10-year amortization (%) 78.1 -- -- -- Required pension contribution as a % of governmental fund expenditures -- 4.5 -- -- Other postemployment benefits actual contribution as a % of governmental fund expenditures 1.3 -- -- Strong Institutional Framework Data points and ratios may reflect analytical adjustments....

Summary