Indianapolis Local Public Improvement Bond Bank Debt Rating Raised To 'AA-' From 'A' On Criteria Application

CHICAGO (S&P Global Ratings) March 14, 2019--S&P Global Ratings raised its 
long-term ratings on 19 obligations issued by the Indianapolis Local Public 
Improvement Bond Bank on behalf of the city of Indianapolis, two notches to 
'AA-' from 'A'. 

At the same time, S&P Global Ratings raised its long-term ratings on certain 
bonds issued by the bond bank on behalf of the Health & Hospital Corp. (HHC) 
of Marion County, one notch to 'AA+' from 'AA'. The outlook on all ratings is 

"The upgrades are based on the application of our "Issue Credit Ratings Linked 
To U.S. Public Finance Obligors' Creditworthiness," criteria, published Jan. 
22, 2018", said S&P Global Ratings credit analyst Anna Uboytseva.

The rating on the HHC bonds also reflects our determination that the hospital 
corporation debt would not be rated under our revised "U.S. And Canadian 
Not-For-Profit Acute Care Health Care Organizations" criteria, published March 
19, 2018.

The stable outlook on the moral obligation and HHC bonds is equivalent to the 
outlook on the Indianapolis GO rating, and moves in tandem with the city's GO 

We work across the world

From London to San Francisco, to our home base in (Saint Helier) Jersey, we’re looking for extraordinary and creative scientists to help us drive the field forward.

AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. If AC Invest’s business model were to change and it begins routing non-directed orders in NMS securities, it will comply with the disclosure requirement of Rule 606.

77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000