NEW YORK (Standard&Poor's) Nov. 19, 2012--Standard&Poor's Ratings Services today raised its rating on Illinois Finance Authority's revenue bonds series 1997 due April 1, 2022 (for the Sinai Community Institute project) to 'A+/A-1' from 'A/A-1'. The rating action follows the replacement of the letter of credit (LOC) that Bank of America N.A. ('A/A-1') had provided with a new LOC from JP Morgan Chase Bank N.A. ('A+/A-1'). The 'A+/A-1' rating reflects our opinion of the credit and liquidity support that JP Morgan Chase Bank provides in the form of an irrevocable direct-pay LOC. Under the LOC, JP Morgan Chase Bank fully supports all bond payment obligations when the bonds are in the weekly rate mode. Therefore, our rating
