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

Summary: Illinois Fin Auth; Appropriation, Appropriation

Summary: Illinois Fin Auth; Appropriation, Appropriation - S&P Global Ratings’ Credit Research
Summary: Illinois Fin Auth; Appropriation, Appropriation
Published Mar 05, 2004
440 words — Published Mar 05, 2004
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Abstract:

Illinois Finance Authority's bonds are payable from monthly base consideration and the additional base consideration payments made by the U.S. Department of Veterans Affairs (the VA) under two facilities use agreements and set in an amount that will provide for the timely debt service payments due on the bonds being issued. These payments did not begin until a certificate of acceptance by the VA had been issued, recognizing substantial completion of the projects. A certificate of acceptance was issued on Feb. 3, 2004, and, as such, the provisional rating is being removed. The stable outlook reflects the expectation that Chicago's VBA regional office and the center will remain a key component in the VA's overall mission. Complete ratings information is

  
Brief Excerpt:

RESEARCH Summary: Illinois Fin Auth; Appropriation, Appropriation Publication date: 05-Mar-2004 Credit Profile $59.425 mil. Illinois Dev Fin Auth taxable rev bnds (VA Chicago West Side Enhanced-Use Proj) ser 2002 dtd 10/18/2002 due 03/01/2005-2017...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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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 Fin Auth; Appropriation, Appropriation" Mar 05, 2004. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Fin-Auth-Appropriation-Appropriation-362513>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Illinois Fin Auth; Appropriation, Appropriation Mar 05, 2004. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Fin-Auth-Appropriation-Appropriation-362513>
  
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