Indiana Gets “AA+” Grade From Fitch Ratings

Fitch Ratings assigns an ‘AAA’ implied GO rating to the state of Indiana and affirms the ‘AA+’ rating on outstanding Indiana appropriation-backed debt issued by the Indiana Finance Authority (IFA), the Indiana State Office Building Commission, and the Indiana Transportation Finance Authority.

The IFA was established in 2005. The state’s debt structure formerly was diffuse with state appropriation-backed debt issued through several commissions and authorities. The IFA is the successor agency to the former agencies.

The Rating Outlook is Stable.

Read the rest at HeraldOnline.com

‘A War on Coal Is Exactly What’s Needed’

The Weekly Standard has picked up an interesting but not surprising quote from Daniel P. Schrag, adviser to the President. You can read the entire article by clicking here. Here is a block quote to back up my previous post on what is coming from this administration. 

“The one thing the president really needs to do now is to begin the process of shutting down the conventional coal plants. Politically, the White House is hesitant to say they’re having a war on coal. On the other hand, a war on coal is exactly what’s needed.