Summary: The Indianapolis Local Public Improvement Bond Bank Indianapolis; General Obligation; General Obligation Equivalent Security; Moral Obligation

S&P Global Ratings assigned its 'AA-' long-term rating to the Indianapolis Local Public Improvement Bond Bank's $72.955 million series 2021B and series C bonds. The bond are being issued on behalf of the City of Indianapolis. The 'AA-' rating reflects the city's moral obligation pledge. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on all previously rated ad valorem property tax debt levied within the Indianapolis-Marion County consolidated city-county jurisdiction and affirmed its 'AA-' long-term rating on the previously rated obligations ultimately supported by the city's moral obligation pledge. The outlook on all ratings is stable. The 'AA-' rating on the 2021B and C bonds and previously rated moral obligation bonds is set two notches off

...S&P Global Ratings assigned its '##-' long-term rating to the Indianapolis Local Public Improvement Bond Bank's $72.955 million series 2021B and series C bonds. The bond are being issued on behalf of the City of Indianapolis. The '##-' rating reflects the city's moral obligation pledge. At the same time, S&P Global Ratings affirmed its '##+' long-term rating on all previously rated ad valorem property tax debt levied within the Indianapolis-Marion County consolidated city-county jurisdiction and affirmed its '##-' long-term rating on the previously rated obligations ultimately supported by the city's moral obligation pledge. The outlook on all ratings is stable. The '##-' rating on the 2021B and C bonds and previously rated moral obligation bonds is set two notches off of our '##+' general obligation (GO) rating on Indianapolis to reflect the city's pledge to appropriate funds to replenish the debt service reserve funds (DSRFs) on any deficiency. The combined DSRF is funded at maximum annual...

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