The Indianapolis Local Public Improvement Bond Bank uses three rating agencies to assess the credit worthiness of an issuer. This assessment may take into consideration obligors such as guarantors, insurers, or lessees. The debt rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment as to market price or suitability for a particular investor. The ratings may be changed, suspended or withdrawn as a result of changes in, or unavailability of, such information, or for other circumstances.
Financial operations remain strong.
The city has recorded five consecutive surpluses while keeping property tax rates at steady or declining levels over the past decade. The system of rating securities was originated by John Moody in 1909. The purpose of Moody's Ratings is to provide the investors with a simple system of gradation by which the relative investment qualities of bonds may be noted. Significant downtown redevelopment underway for most of this decade is in its advanced stages. Projects undertaken have been designed to expand the city's historic role as the state's capital and a regional business and distribution hub and enhance its status as a major convention and tourist center.