Standard&Poor's Ratings Services raised its long-term rating to 'AAA' from 'AA+' on the Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2003D multipurpose bonds. The outlook is stable. The rating change reflects the Indianapolis-Marion County Public Library's (IMCPL) obligation under the series 2003D bonds maturing, so the rating is now based on the credit quality of the city of Indianapolis. The series 2003D bonds were issued to purchase obligations of the IMCPL; the city of Indianapolis; and the city's sanitary, flood control, metropolitan thoroughfare, and park districts. Each entity pledged ad valorem property taxes, subject to the circuit breaker, to their respectively loan. The 'AA+' rating reflected our view of the credit quality of the IMCPL, which we
