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Prospect News home > News index > List of issuers I > Headlines for Indianapolis Airport Authority > News item |
S&P gives A rating to Indianapolis airport bonds
Standard & Poor's said it assigned an A long-term rating to Indianapolis Local Public Improvement Bond Bank's variable-rate revenue bonds series 2008C, issued on behalf of the Indianapolis Airport Authority.
The outlook is stable.
The bonds will be issued in five subseries. Subseries 2008C-1 and 2008 C-2, at $100 million each, are due Jan. 1, 2037. Subseries 2008C-3, 2008C-4 and 2008C-5, at $50 million each, are due Jan. 1, 2033.
Part of the series proceeds will be used to refund all or a portion of the authority's outstanding commercial paper.
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