NEW YORK (Standard&Poor's) Oct. 5, 2010--Standard&Poor's Ratings Services today raised its rating on the Illinois Development Finance Authority's $4.145 million special facility revenue bonds series 1994 (for the Little City Foundation project) due Feb. 1, 2019, to 'AA-/A-1+' from 'A+/A-1'. The long- and short-term components of our rating on the series 1994 bonds are based on the long- and short-term issuer credit ratings on JPMorgan Chase Bank N.A. ('AA-/A-1+') and address the full and timely payment of the bonds' regularly scheduled interest, principal, and purchase price upon an optional or mandatory tender, according to the transaction's terms. JPMorgan Chase Bank provides credit and liquidity support for the bonds in the form of a letter of credit
