Illinois Regional Transportation Authority's 2017A GO Refunding Bonds Rated 'AA'

CHICAGO (S&P Global Ratings) July 14, 2017--S&P Global Ratings assigned its 'AA' long-term rating to the Illinois Regional Transportation Authority's (RTA) series 2017A general obligation (GO) refunding bonds. At the same time, we affirmed our 'AA' long-term rating and underlying rating (SPUR) on the authority's previously issued long-term GO debt and series 2016C GO working cash notes. We also affirmed our 'A-1+' short-term rating on the authority's series 2005B extendible reset securities. "The stable outlook on the long-term ratings reflect our view that the authority will maintain sufficient liquidity to cover its obligations despite the challenging revenue climate," said S&P Global Ratings credit analyst John Kenward. The 'AA' ratings reflect our view of the authority's: Participation in the large and

...CHICAGO (S&P Global Ratings) July 14, 2017--S&P Global Ratings assigned its '##' long-term rating to the Illinois Regional Transportation Authority's (RTA) series 2017A general obligation (GO) refunding bonds. At the same time, we affirmed our '##' long-term rating and underlying rating (SPUR) on the authority's previously issued long-term GO debt and series 2016C GO working cash notes. We also affirmed our 'A-1+' short-term rating on the authority's series 2005B extendible reset securities. "The stable outlook on the long-term ratings reflect our view that the authority will maintain sufficient liquidity to cover its obligations despite the challenging revenue climate," said S&P Global Ratings credit analyst John Kenward. The '##' ratings reflect our view of the authority's: + Participation in the large and diverse Chicago metropolitan area economy, which generates the authority's sales tax revenue and covers 8.4 million people in Chicago, Cook County, and the five collar counties, which...

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