S&P Global Ratings affirmed its 'A-' rating on Jeffersonville Redevelopment Commission, Ind.'s series 2013B and 2013D tax-increment revenue bonds, issued for Jeffersonville. S&P Global Ratings also affirmed its 'BBB' rating on the commission's series 2013E tax-increment revenue bonds, issued for the city. The outlook is stable. Tax-increment-financing (TIF) revenue, generated from Inner-City Roads Allocation Area, secures the series 2013B and 2013D bonds. TIF revenue through January 2027 secures the interest on the series 2013E bonds; afterward, TIF revenue, generated from Inside Flood Wall (IFW) Gateway, a subdistrict of Inner-City Roads TIF, secures the series 2013E bonds. A debt-service-reserve fund, sized at the standard three-prong test, secures the series 2013B, 2013D, and 2013E bonds. The commission may issue additional bonds upon
