CHICAGO (Standard&Poor's) April 23, 2004—Standard&Poor's Ratings Services has assigned its 'AAA' rating to Illinois Finance Authority's $130 million revolving fund revenue bonds series 2004, reflecting debt service coverage that meets the program's requirement for an 'AAA' category rating under Standard&Poor's loan pool criteria. The bonds are scheduled to sell in early May. The outlook is stable. "The rating also reflects a diverse borrower profile and the underlying credit strength of the borrowers," said Standard&Poor's credit analyst John Kenward. The stable outlook is based on the strength and diversity of the program's borrowers, which make up the pledged loans, as well as the expectation that debt service coverage levels and adequately secured reserves
