Illinois Development Finance Authority Series 1999 (Chicago Horticultural Society Project) 'A+/A-1' Bond Rating Affirmed - S&P Global Ratings’ Credit Research

Illinois Development Finance Authority Series 1999 (Chicago Horticultural Society Project) 'A+/A-1' Bond Rating Affirmed

Illinois Development Finance Authority Series 1999 (Chicago Horticultural Society Project) 'A+/A-1' Bond Rating Affirmed - S&P Global Ratings’ Credit Research
Illinois Development Finance Authority Series 1999 (Chicago Horticultural Society Project) 'A+/A-1' Bond Rating Affirmed
Published Apr 19, 2013
Published Apr 19, 2013
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Abstract:

NEW YORK (Standard&Poor's) April 19, 2013--Standard&Poor's Ratings Services today affirmed its 'A+/A-1' rating on Illinois Development Finance Authority's (the issuer's) adjustable demand revenue bonds series 1999 (for the Chicago Horticultural Society project) due Jan. 1, 2029. The affirmation follows our review of documents related to the expected replacement of the letter of credit (LOC) currently provided by JPMorgan Chase Bank N.A. ('A+/A-1') with a new LOC from The Northern Trust Co. ('AA-/A-1+'). The long- and short-term components of our current rating reflect our long- and short-term issuer credit ratings on JPMorgan Chase Bank N.A. On the LOC replacement date, which is currently scheduled for June 6, 2013, the long- and short-term components of our rating will

  
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Ratings Action

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "Illinois Development Finance Authority Series 1999 (Chicago Horticultural Society Project) 'A+/A-1' Bond Rating Affirmed" Apr 19, 2013. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Development-Finance-Authority-Series-1999-Chicago-Horticultural-Society-Project-A-A-1-Bond-Rating-Affirmed-1670890>
  
APA:
S&P Global Ratings’ Credit Research. (). Illinois Development Finance Authority Series 1999 (Chicago Horticultural Society Project) 'A+/A-1' Bond Rating Affirmed Apr 19, 2013. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Development-Finance-Authority-Series-1999-Chicago-Horticultural-Society-Project-A-A-1-Bond-Rating-Affirmed-1670890>
  
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