Standard&Poor's Ratings Services confirmed its ratings on Illinois Finance Authority's (the successor to Illinois Development Finance Authority) series 1994 and 1999 variable/fixed-rate demand revenue bonds, issued on behalf of Chicago Symphony Orchestra. These confirmations reflect our review of a second amended and restated reimbursement agreement provided by Northern Trust Co. and PNC Bank N.A., effective April 1, 2016, which, among other things, extends the expiration date to March 30, 2018, from Oct. 31, 2016. The long- and short-term components of the ratings reflect our long- and short-term ratings on the respective letter of credit (LOC) providers: Northern Trust for the series 1994 bonds and PNC Bank for the series 1999 bonds. Under the reimbursement agreement, each LOC provider
