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CITY OF SOUTH BEND, IN <br />17 <br />Bond Rating <br />Second Class City refers to Cities with population in <br />excess of 35,000 residents and a City Council of 9 <br />members. <br />Bond ratings are important to the City as the high <br />rating allows the City to issue bonds at the lowest <br />possible rate, therefore, saving valuable tax dollars. <br />Note: No public ratings of General Obligation debt for <br />Gary, Greenwood, Mishawaka or Muncie. <br />S&P General Obligation Ratings <br />Indiana Second Class Cities <br />As of February 1, 2024 <br />Organization Rating Outlook <br />Fishers AAA STABLE <br />South Bend AA STABLE <br />Bloomington AA STABLE <br />Carmel AA STABLE <br />Noblesville AA STABLE <br />Columbus AA-STABLE <br />Elkhart AA-STABLE <br />Evansville AA-STABLE <br />Fort Wayne AA-STABLE <br />Jeffersonville AA-STABLE <br />Kokomo AA-STABLE <br />Lafayette AA-STABLE <br />West Lafayette AA-STABLE <br />New Albany A+STABLE <br />Portage A-STABLE <br />Hammond BBB-NEGATIVE