Illinois Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed - S&P Global Ratings’ Credit Research

Illinois Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed

Illinois Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed - S&P Global Ratings’ Credit Research
Illinois Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed
Published Oct 25, 2012
1059 words — Published Oct 25, 2012
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Abstract:

NEW YORK (Standard&Poor's) Oct. 25, 2012--Standard&Poor's Ratings Services today affirmed its 'A/A-1' rating on Illinois Finance Authority's $5 million Revenue Bonds Series 1997 (for the Sinai Community Institute project) due April 1, 2022, following its review of the documents related to the expected replacement of the letter of credit (LOC) that Bank of America N.A. ('A/A-1') currently provides with a new LOC from JPMorgan Chase Bank N.A. ('A+/A-1'). The long- and short-term components of our rating currently reflect our long and short-term issuer credit ratings on Bank of America N.A. As of the LOC replacement date, which is currently scheduled for Nov. 19, 2012, the long- and short-term components of our rating will reflect our long-

  
Brief Excerpt:

RESEARCH Illinois Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed Publication date: 25-Oct-2012 Primary Credit Analyst: Alexander J Gombach, New York (1) 212-438-2882; alexander_gombach@standardandpoors.com...

  
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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 Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed" Oct 25, 2012. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-Bonds-Series-1997-Sinai-Community-Institute-A-A-1-Rating-Affirmed-1030461>
  
APA:
S&P Global Ratings’ Credit Research. (). Illinois Finance Authority Bonds Series 1997 (Sinai Community Institute) 'A/A-1' Rating Affirmed Oct 25, 2012. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Finance-Authority-Bonds-Series-1997-Sinai-Community-Institute-A-A-1-Rating-Affirmed-1030461>
  
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