The Indianapolis Local Public Improvement Bond Bank, IN Refunding Bond Rating Raised To 'AA+' - S&P Global Ratings’ Credit Research

The Indianapolis Local Public Improvement Bond Bank, IN Refunding Bond Rating Raised To 'AA+'

The Indianapolis Local Public Improvement Bond Bank, IN Refunding Bond Rating Raised To 'AA+' - S&P Global Ratings’ Credit Research
The Indianapolis Local Public Improvement Bond Bank, IN Refunding Bond Rating Raised To 'AA+'
Published Jun 06, 2013
Published Jun 06, 2013
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Abstract:

CHICAGO (Standard&Poor's) June 6, 2013--Standard&Poor's Ratings Services said that it raised its long-term and underlying (SPUR) ratings on The Indianapolis Local Public Improvement Bond Bank's series 2002G refunding bonds to 'AA+' from 'AA'. The outlook is negative. "The upgrade reflects the defeasance of bonds through the deposit of a combination of cash and bond proceeds into an escrow fund on June 6, 2013," said Standard&Poor's credit analyst Steffanie Dyer. The 'AA+' rating is based on the Assigning Ratings To Bonds In The U.S. Based On Escrowed Collateral criteria whereas the previous 'AA' rating was based on Moral Obligation Bonds criteria. The collateral in the escrow account will not be invested and will remain in

  
Report Type:

Ratings Action

Issuer
Indianapolis
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "The Indianapolis Local Public Improvement Bond Bank, IN Refunding Bond Rating Raised To 'AA+'" Jun 06, 2013. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/The-Indianapolis-Local-Public-Improvement-Bond-Bank-IN-Refunding-Bond-Rating-Raised-To-AA-1141889>
  
APA:
S&P Global Ratings’ Credit Research. (). The Indianapolis Local Public Improvement Bond Bank, IN Refunding Bond Rating Raised To 'AA+' Jun 06, 2013. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/The-Indianapolis-Local-Public-Improvement-Bond-Bank-IN-Refunding-Bond-Rating-Raised-To-AA-1141889>
  
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