NEW YORK (Standard&Poor's) Aug. 11, 2008--Standard&Poor's Ratings Services today raised its rating on Illinois Finance Authority's $39 million revenue bonds (Sedgebrook Inc. project) series 2007B to 'AAA/A-1+' from 'AA+/A-1+'. The rating action reflects the substitution of the confirming letter of credit (LOC) provided by Fortis Bank SA/NV ('A+/A-1') with a substitute LOC provided by Lloyds TSB Bank PLC ('AA/A-1+') that confirms a fronting LOC that Sovereign Bank ('BBB+/A-2') provides. The rating is based on our assessment of the likelihood of repayment of principal, interest, and purchase price based on Standard&Poor's application of its joint and several criteria assuming medium correlation between Sovereign Bank and Lloyds TSB Bank. The confirming LOC that Lloyds TSB Bank
