Summary: Indiana; General Obligation Jun 11
Standard & Poors, June 2011
Abstract
Standard & Poor's Ratings Services has affirmed its 'AAA' issuer credit rating (ICR) on Indiana, reflecting our opinion of the state's: Diversifying economic base, but not insulated from the effects of the most recent recession, given its continued manufacturing concentration; Biennium budget that maintains a solid level of reserves going into the next budget cycle; Very active budget management with practices that have been consistently applied to maintain sound reserve levels, including the willingness of the administration to use its power to unallot appropriations and implement a lower cost structure; and Low overall debt levels. Management continues to demonstrate a commitment to balanced operations. In April 2011, the state passed the fiscal 2012 and 2013 (June 30) biennium budget, which...
Companies mentioned in this report are: Indiana
Action: Affirmed
Action: Outlook: Stable
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Indiana
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