The Indianapolis Local Public Improvement Bond Bank uses three rating agencies to assess the credit worthiness of an issuer. The three agencies are:
Full Faith & Credit General Obligation Aaa/AAA/AAA
Moral Obligation Aa2/AA/AA
Water Utility Rev. Bonds A2/A/A-
Sanitary District Aa2/AA+/NR
Stormwater District Aa2/AA+/AA-