Standard&Poor's Ratings Services assigned its 'A-' rating and stable outlook to Jeffersonville Redevelopment Commission, Ind.'s series 2012B tax increment revenue 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 the moderate taxpayer concentration and a weak 110% additional bonds test The bonds are secured by TIF revenues collected in the city's Inner City Road economic development area. Officials plan to use
