| Title: | Illinois Regional Transportation Authority Outlook Revised To Positive; 'AA+' Ratings Affirmed |
| Price: | $100.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | News |
| Abstract: | CHICAGO (Standard&Poor's) May 5, 2008--Standard&Poor's Ratings Services has revised its outlook on Illinois Regional Transportation Authority's general obligation (GO) bonds to positive from stable, reflecting our expectation that the authority will maintain strong coverage of debt service in spite of future additional debt issuance. The 'AA+' standard long-term rating and Standard&Poor's underlying rating (SPUR) on the GO bonds have been affirmed. "We expect that the amount of additional authority sales tax revenue debt that the state will eventually authorize will be of such a size that the large and diverse tax base supporting the authority's bonds will continue to provide strong debt service coverage from sales tax revenues in spite of future new debt," |
| Brief Excerpt: | RESEARCH Ratings Definitions Illinois Regional Transportation Authority Outlook Revised To Positive; '##+' Ratings Affirmed Publication date: ##-May-#### Primary Credit Analyst: John Kenward, Chicago (#) ###-###-####; john_kenward@standardandpoors.com... |
| Word Count: | 664 |
| Issuer: | Illinois Regl Transp Auth |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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