The rating assigned to Illinois Development Finance Authority's bonds, issued for The Chicago Theater, is based on an irrevocable direct pay LOC severally provided by The First National Bank of Chicago, The Northern Trust Co., and Harris Trust&Savings Bank. Initially, the bonds will bear interest at a weekly rate and can be converted to bear interest at the daily rate, fixed rate, an adjustable rate less than 365 days, and an adjustable rate greater than 365 days. The bond trustee will draw on the LOC to pay regularly scheduled principal and interest on the bonds as well as to pay the purchase price of the unremarketed tendered bonds. The bonds are subject to mandatory tender as follows: Each
