NEW YORK (Standard&Poor's) June 6, 2013--Standard&Poor's Ratings Services today raised its rating on Illinois Development Finance Authority's $20 million adjustable demand revenue bonds series 1999 (for the Chicago Horticultural Society project) due Jan. 1, 2029, to 'AA-/A-1+' from 'A+/A-1' following the replacement of the irrevocable direct-pay letter of credit (LOC) that JPMorgan Chase Bank N.A. ('A+/A-1') had provided with a new LOC from The Northern Trust Co. ('AA-/A-1+'). The 'AA-/A-1+' rating reflects our opinion of the credit and liquidity support that The Northern Trust Co. provides in the form of an irrevocable direct-pay LOC. Under the LOC, The Northern Trust Co. fully supports all bond payment obligations when the bonds are in the weekly and monthly
