Illinois Finance Authority (Midwestern University Foundation) Series 2019A And B Bonds Assigned Ratings

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 ratings to the senior series 2019A and subordinate series 2019B bonds. The ratings reflect our view of the transaction's credit support, expected parity, and legal structure, among other factors. NEW YORK (S&P Global Ratings) June 20, 2019--S&P Global Ratings today assigned its ratings to Illinois Finance Authority's graduate and professional student loan program revenue bonds series 2019A and B (see list). The bond issuance is an asset-backed securities (ABS) transaction backed by private student loans made under Midwestern University Foundation's loan program to students pursuing

...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 ratings to the senior series 2019A and subordinate series 2019B bonds. + The ratings reflect our view of the transaction's credit support, expected parity, and legal structure, among other factors. NEW YORK (S&P Global Ratings) June 20, 2019--S&P Global Ratings today assigned its ratings to Illinois Finance Authority's graduate and professional student loan program revenue bonds series 2019A and B (see list). The bond issuance is an asset-backed securities (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. The ratings reflect: + Approximately 16.9%-17.9% and 10.2%-10.4% credit...

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