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Standard & Poor’s Raises Rating on Bond Bank’s Marion County Convention and Recreation Facilities Authority’s (MCCRFA) Senior Obligation Bonds

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Chicago, IL | June 8, 2015
Standard & Poor's Rating Services

Standard & Poor's Ratings Services raised its rating on the Indianapolis Local Public Improvement Bond Bank, Ind.'s series 2011D, 2011I, and 2012B bonds (senior obligations) to 'AA' from 'AA-'. The outlook is stable. The rating improvement reflects strong revenue performance, which continues to support very strong debt service coverage (DSC).