Summary: Fishers Redevelopment Authority, Indiana Fishers; General Obligation; General Obligation Equivalent Security Jun 11
- ID: 1826857
- June 2011
- Region: Indiana
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating and stable outlook to Fishers Redevelopment Authority, Ind.'s lease rental revenue bonds of 2011 and affirmed its 'AA' long-term rating and underlying rating (SPUR) on Fishers' existing general obligation (GO) and GO equivalent bonds, reflecting our view of the town's: Participation in the diverse Indianapolis metropolitan area economy, which continues to contribute toward tax base and population growth; Healthy and diverse local economy, coupled with low unemployment; Very strong income and extremely strong wealth levels; and Good financial management practices that support a very strong financial position. We consider the town's moderate-to-high debt burden and elevated debt service carrying charges, a result of the capital pressures that coincide with...
Companies mentioned in this report are:
- Fishers Twn Hall Bldg Corp
- Fishers Redev Auth
- Fishers Twn Redev Dist
Action: New Rating
Action: Outlook: Stable
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