Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2013B taxable bond bank refunding bonds, supported by the city of Indianapolis. At the same time, we affirmed our 'AAA' issuer credit rating (ICR) on the city. The outlook on all the ratings is stable. The 'AAA' ratings reflect: A deep and growing economy with a large commercial base that serves as the hub for much of the state's economy; Adequate-to-good income indicators and strong market value per capita; Good financial management and maintenance of very strong general fund reserves; and Low to moderate overall debt burden. We also affirmed our 'AAA' long-term rating on the city's existing ad valorem
