OVERVIEW Illinois Finance Authority's issuance is an ABS transaction backed by private student loans made under Midwestern University Foundation's loan program to students pursuing graduate and professional degrees enrolled at Midwestern University. We assigned our preliminary ratings to the senior series 2019A and subordinate series 2019B notes. The preliminary ratings reflect our view of the transaction's credit support, expected parity, and legal structure, among other factors. NEW YORK (S&P Global Ratings) May 23, 2019--S&P Global Ratings today assigned its preliminary ratings to Illinois Finance Authority's graduate and professional student loan program revenue bonds series 2019 (see list) The note issuance is an asset-backed securities (ABS) transaction backed by private student loans made under Midwestern University Foundation's loan program to students
