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S & P's General Obligation Ratings of Indiana Local Governments <br />Second Class Cities as of January, 2014 <br />Second Class City refers to Cities with population in excess of 35,000 <br />residents and a City Council of 9 members. <br />Note: No public ratings of debt for Evansville, Gary, Greenwood, <br />Kokomo, Muncie, Richmond, or Terre Haute. Fishers has a AA bond <br />rating and will become a second class city on 1 January 2015. <br />Obligor <br />Rating <br />Outlook <br />1 <br />South Bend <br />AA <br />STABLE <br />2 <br />Bloomington <br />AA- <br />STABLE <br />3 <br />Columbus <br />AA- <br />STABLE <br />4 <br />Fort Wayne <br />AA- <br />STABLE <br />5 <br />Elkhart <br />A+ <br />STABLE <br />6 <br />Jeffersonville <br />A+ <br />STABLE <br />7 <br />Lafayette <br />A+ <br />STABLE <br />8 <br />Mishawaka <br />A+ <br />STABLE <br />9 <br />New Albany <br />A+ <br />STABLE <br />10 <br />Hammond <br />A <br />STABLE <br />11 <br />Richmond <br />A <br />STABLE <br />12 <br />Anderson <br />A- <br />STABLE <br />13 <br />Lawrence <br />A- <br />NEGATIVE <br />Second Class City refers to Cities with population in excess of 35,000 <br />residents and a City Council of 9 members. <br />Note: No public ratings of debt for Evansville, Gary, Greenwood, <br />Kokomo, Muncie, Richmond, or Terre Haute. Fishers has a AA bond <br />rating and will become a second class city on 1 January 2015. <br />