With a diverse and growing economic base, as well as an unemployment rate well below the national average, Indianapolis is among the most stable bond issuers in the country. Healthy reserves, a resilient tax base, income levels that exceed both state and national medians, and property tax processes that protect bondholders all contribute to the city’s consistently high bond ratings from Moody’s, Standard & Poor’s and Fitch.
The Indianapolis Bond Bank further mitigates bondholders’ risk through professional management of the city’s outstanding portfolio of debt and its relationship with credit providers, ratings agencies and investment banks; oversight of the issuance of new debt; investment and disbursement of bond proceeds, and timely compliance with all relevant covenants and coverage tests. Given the depth of experience and range of expertise among the Indianapolis Bond Bank’s board and staff, investors know that the bonds they invest in through the Bank are viable vehicles that will generate reliable returns.
Please look at our current ratings for each Qualified Entity as well as descriptions and timelines of upcoming transactions. We have also included a description of projects the Bond Bank has assisted with and a new Official Statement database that contains information on all of our direct placements. Finally, the new Annual Bond & Note Report is available in this section which offers a complete breakdown of the Bond Bank’s outstanding debt as of December 31, 2015.
September 20, 2016
January 17, 2017