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Fitch Rates $623MM Indianapolis Local PIB Bond Bank, IN Lease Revenue Bonds 'AAA'; Outlook Stable

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Fitch Ratings-New York-05 March 2019: Fitch Ratings has assigned 'AAA' ratings to the following
Indianapolis Local Public Improvement Bond Bank, Indiana bonds:

--$610.5 million Indianapolis-Marion County Building Authority (the Building Authority) Community
Justice Campus lease rental revenue bonds, Series 2019A ;
--$12.6 million Indianapolis-Marion County Building Authority (the Building Authority) Community
Justice Campus lease rental revenue bonds, Series 2019B.
Fitch has also affirmed the City of Indianapolis' $60 million limited tax general obligation (ULTGO)
bonds at 'AAA'.   

The Rating Outlook is Stable.

The 2019A and B lease rental revenue bonds will sell via negotiation on March 21. The 2019A
bonds will fund a consolidated county detention center to replace existing correctional facilities
and a consolidated county courthouse that joins civil, criminal, juvenile and probate courts into
one building (and capitalized interest through April 1, 2022). The 2019B bonds will fund an
assessment and intervention center to serve as a facility for providing temporary shelter, case
assessment and treatment referral services (and capitalized interest through Jan. 15, 2020).