Standard&Poor's Ratings Services assigned its 'A-' rating and stable outlook to Jeffersonville Redevelopment Commission, Ind.'s series 2013D tax increment revenue bonds, and its 'BBB' rating and stable outlook to the commission's series 2013E bonds. We also affirmed our 'A-' rating on the commission's series 2013B bonds. The rating reflects our view of the tax increment financing (TIF) district's: Well-developed area within the city of Jeffersonville (A+/Stable); Zero volatility ratio due to Indiana's neutralization process that allows for base assessed valuation (AV) to adjust, indicating that AV changes will not cause magnified changes in tax-increment revenue; and Strong debt service coverage (DSC) from incremental property tax revenues. Partly offsetting these factors are moderate taxpayer concentration for the series 2013B
