Summary: Illinois Dev Fin Auth; Appropriation, Appropriation - S&P Global Ratings’ Credit Research

Summary: Illinois Dev Fin Auth; Appropriation, Appropriation

Summary: Illinois Dev Fin Auth; Appropriation, Appropriation - S&P Global Ratings’ Credit Research
Summary: Illinois Dev Fin Auth; Appropriation, Appropriation
Published Oct 11, 2002
995 words — Published Oct 11, 2002
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Abstract:

Illinois Development Finance Authority's taxable revenue bonds series 2002, rated 'Ap', are special and limited obligations of the authority, payable solely from funds pledged under the indenture of trust. Under the indenture, the authority has assigned its right, title, and interest in the loan agreement and the note to the trustee as security for the bonds. The owner trust will execute and deliver a leasehold mortgage, assignment of leases and rents, security agreement, and fixture filing dated as of Oct. 1, 2002, granting a lien on its leasehold interest in the premises under the enhanced-use lease and a security interest in its rights under the development agreement, the management agreements, and the facilities use agreements to the trustee as security

  
Brief Excerpt:

RESEARCH Summary: Illinois Dev Fin Auth; Appropriation, Appropriation Publication date: 11-Oct-2002 Credit Profile $59.7 mil muni debt muni issue ser 2002 due 2027 Ap Sale date: 11-OCT-2002 Rationale Illinois Development Finance Authority's...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Illinois Dev Fin Auth; Appropriation, Appropriation" Oct 11, 2002. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Dev-Fin-Auth-Appropriation-Appropriation-269801>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Illinois Dev Fin Auth; Appropriation, Appropriation Oct 11, 2002. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Dev-Fin-Auth-Appropriation-Appropriation-269801>
  
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