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Fitch Affirms City of Indianapolis' AAA

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January 28, 2020

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Fitch Affirms Indianapolis Local PIB Bond Bank, IN GOs at 'AAA'; Outlook Stable
Fitch Ratings - New York - 28 January 2020:

Fitch Ratings has affirmed the following ratings of the Indianapolis Local Public Improvement Bond Bank, Indiana bonds:
--$111 million ad valorem special benefits tax bonds at 'AAA';
--$32 million unlimited tax general obligation (ULTGO) bonds at 'AAA';
--$300 million downtown tax increment financing (TIF) revenue bonds, series 2014A, 2014B, 2013F,
2009B, and 1999E at 'AA';
--$8 million Fall Creek TIF bonds, 2014C at 'AA-'.

Fitch also affirms the City of Indianapolis Issuer Default Rating (IDR) at 'AAA'.
The Rating Outlook is Stable.