S&P Rts IL Dev Fin Auth/Cmnty Rehab Prov Fac Bds BBB - S&P Global Ratings’ Credit Research

S&P Rts IL Dev Fin Auth/Cmnty Rehab Prov Fac Bds BBB

S&P Rts IL Dev Fin Auth/Cmnty Rehab Prov Fac Bds BBB - S&P Global Ratings’ Credit Research
S&P Rts IL Dev Fin Auth/Cmnty Rehab Prov Fac Bds BBB
Published Mar 04, 1998
Published Mar 04, 1998
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 3/4/98 –- Standard&Poor's today assigned its triple-'B' rating to the Illinois Development Finance Authority's revenue bonds series 1998 dated March 1, 1998 due July 1, 2018, issued for Community Rehabilitation Provider Facilities Acquisition Program. At the same time, Standard&Poor's affirmed its triple-'B' rating on the program's $74 million revenue bonds. The rating reflects the strengths of the pool structure, including: -- Overcollateralization through a special reserve fund; -- Mortgages on property acquired or refinanced by the bonds and a pledge of each provider's gross revenues and debt service reserve fund; -- A state intercept mechanism to support both debt service payments and debt service reserve fund replenishment; -- Diversity of

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Rts IL Dev Fin Auth/Cmnty Rehab Prov Fac Bds BBB" Mar 04, 1998. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-IL-Dev-Fin-Auth-Cmnty-Rehab-Prov-Fac-Bds-BBB-27938>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Rts IL Dev Fin Auth/Cmnty Rehab Prov Fac Bds BBB Mar 04, 1998. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-IL-Dev-Fin-Auth-Cmnty-Rehab-Prov-Fac-Bds-BBB-27938>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.