Indiana

Moody’s Investors Service last week downgraded Lafayette to A1 from Aa3, affecting just under $5 million of outstanding general obligation debt and $25.6 million of outstanding lease rental revenue bonds. Moody’s also dropped to $5.1 million of economic development income-tax supported bonds A3 from A2 issued by the city.

The Indiana Association of Cities and Towns said this week it would begin lobbying state lawmakers for new municipal taxing authority.

CHICAGO — The Indiana Finance Authority today is expected to price $225 million of new-money revenue bonds on behalf of Sisters of St. Francis Health Services Inc.

Indiana Gov. Mitch Daniels last week called for another round of budget cuts after reports showed revenue collections coming in 8% below original forecast.