The outlook on Illinois Development Finance Authority's (IDFA) outstanding debt restructuring revenue bonds, issued on behalf of East St. Louis, Ill., is revised to positive from stable. The rating is based on the moral obligation pledge of Illinois to replenish the debt service reserve fund and is one full rating category below the state. The rating reflects the state's credit profile and risks associated with the state's moral obligation pledge to replenish the debt service reserve. The outlook on the state's 'AA' rating was revised to positive from stable in June 2000. The bonds are secured by the city's GO pledge and paid from pledged revenues: Sales taxes, State income tax revenue sharing, Riverboat gambling revenues, and Utility taxes. All
