Standard&Poor's Ratings Services affirmed its 'AA+' rating, with a stable outlook, on The Indianapolis Local Public Improvement Bond Bank, Ind.'s storm water system senior-lien revenue bonds, series 2006D, issued for Indianapolis, reflecting our assessment of the system's: Strong service area economy; Strong financial performance; High system liquidity, although the fund is part of the general fund and not a separate fund; and Manageable capital improvement plan that will be funded primarily through this bond issuance. The bonds are secured by a senior lien on the gross revenues of the system after operations and maintenance. The rate covenant and additional bonds test are both set at 1.25x annual debt service. The service area consists of all of Marion County
