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Transaction Update: Indianapolis, Ind. (Series 2004B)

Published Jul 16, 2014

Price US$ 375.00 | Buy this Report Now

About This Report

Abstract:

On July 16, 2014, Standard&Poor's Ratings Services lowered its ratings on Indianapolis, Ind.'s $0.74 million variable-rate demand limited obligation multifamily housing revenue bonds series 2004B (for the Nora Commons project) due Dec. 1, 2039, to 'AA-/A-1+' from 'AA+/A-1+' following the replacement of the irrevocable direct-pay letter of credit (LOC) that Federal Home Loan Bank of Indianapolis ('AA+/A-1+') had provided with a new LOC from U.S. Bank N.A. ('AA-/A-1+'). The 'AA-/A-1+' rating reflects our opinion of the credit and liquidity support that U.S. Bank N.A provides in the form of an irrevocable direct-pay LOC during the weekly interest rate mode (the rated mode). The LOC covers the entire principal balance and 45 days of interest accruals at a maximum

Report Type:

Transaction Update Report

Issuer

Indianapolis

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation – 2014/07/29 – US$ 500.00

Summary: Indianapolis Local Public Improvement Bond Bank, Indiana Indianapolis; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation – 2014/07/29 – US$ 225.00

Summary: Indianapolis Local Public Improvement Bond Bank Indianapolis; Gas Tax – 2015/03/06 – US$ 225.00

Indianapolis Local Public Improvement Bond Bank Stormwater System Bond Rating Raised To 'AAA' On Capital Plan Funding – 2015/07/20 – US$ 150.00

Transaction Update: Indianapolis, Ind. (Series 2004A) – 2014/07/16 – US$ 375.00

Indianapolis, Ind. Bonds Series 2004A (Nora Commons) Rating Raised To 'AA-/A-1+' – 2014/07/16 – US$ 150.00

Indianapolis, Ind. Bonds Series 2004B (Nora Commons) Rating Lowered To 'AA-/A-1+' – 2014/07/16 – US$ 150.00

Indianapolis, Indiana; Combined Utility – 2014/06/27 – US$ 500.00

Summary: Indianapolis, Indiana; Combined Utility – 2014/06/27 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Transaction Update: Indianapolis, Ind. (Series 2004B)" Jul 16, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Indianapolis-Ind-Series-2004B-1347049>

APA:	S&P Global Ratings’ Credit Research. (). Transaction Update: Indianapolis, Ind. (Series 2004B) Jul 16, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Indianapolis-Ind-Series-2004B-1347049>

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