Joe Glass, Executive Director & General Counsel
The Indianapolis Local Public Improvement Bond Bank
The Indianapolis Local Public Improvement Bond Bank
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Chicago, IL | August 31, 2015 Moody's Investor Services
Indianapolis, IN’s (Aaa negative) strong credit profile is supported by a fundamentally healthy economy, as evidenced by job growth that has outpaced other Midwest regional hubs. However, escalating operating costs under a somewhat restrictive revenue-raising environment have weighed on the city's finances. The region’s strong economy and a recent influx of cash from the sale of the city’s water and sewer utility will buoy credit quality in the short term, but continued operating budget pressures and elevated leverage pose hurdles in the long term.
