Summary: Illinois Fin Auth; Utility, State Revolving Funds/Pools - S&P Global Ratings’ Credit Research

Summary: Illinois Fin Auth; Utility, State Revolving Funds/Pools

Summary: Illinois Fin Auth; Utility, State Revolving Funds/Pools - S&P Global Ratings’ Credit Research
Summary: Illinois Fin Auth; Utility, State Revolving Funds/Pools
Published Apr 23, 2004
Published Apr 23, 2004
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Illinois Finance Authority's $130 million revolving fund revenue bonds series 2004 have been rated 'AAA'. The outlook is stable. The rating reflects: Debt service coverage that meets the program's requirement for an 'AAA' category rating under Standard&Poor's Ratings Services' loan pool criteria, A diverse borrower profile, and The underlying credit strength of the borrowers. The bonds are secured by a pledge of: Borrower repayments, except loan support fees, from certain pledged leveraged loans made before the issuance of the series 2004 bonds, Investment income earned from the various funds and accounts associated with the series 2004 bonds, and Amounts held in the reserve funds dedicated to the series 2004 bonds, which will total $65 million (50% of bond

  
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 Fin Auth; Utility, State Revolving Funds/Pools" Apr 23, 2004. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Fin-Auth-Utility-State-Revolving-Funds-Pools-370990>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Illinois Fin Auth; Utility, State Revolving Funds/Pools Apr 23, 2004. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Fin-Auth-Utility-State-Revolving-Funds-Pools-370990>
  
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