S&P Global Ratings raised its rating on the City of Chicago ?s series 2000A revenue bonds(Cottage View Terrace Apartments) to 'A-' from 'BBB+'. At the same time, we raised the rating on Southern California Home Finance Authority series 2002A revenue bonds to 'A-' from 'BBB+'. The outlook is stable. The upgrades reflect our recent upgrade of General Electric Co . (GE) to ?A-?. GE guarantees the guaranteed investment contracts (GIC) of the bonds. The bond ratings are capped by the rating on the GIC guarantor. Ginnie Mae mortgage-backed securities secure the City of Chicago?s series 2000A bonds, issued for Cottage View Terrace Apartments, and the Southern California Home Finance Authority?s series 2002A bonds. The rating reflects our opinion of the
