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Summary: Illinois Finance Authority; Letter of Credit

Published Sep 07, 2006

388 words — Published Sep 07, 2006

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Abstract:

The rating on Illinois Finance Authority's variable-rate demand bonds series 1995 has been affirmed due to the extension of the bank facilities provided by JPMorgan Chase Bank N.A. (AA-/A-1+) and LaSalle Bank N.A. (A+/A-1) until Aug. 31, 2007. The rating on the bonds is based on the letter of credit provided by the weaker of the two banks, LaSalle Bank N.A.

Brief Excerpt:

RESEARCH Summary: Illinois Finance Authority; Letter of Credit Publication date: 07-Sep-2006 Credit Profile AFFIRMED $4.700 mil. Illinois Dev Fin Auth (James R. Jordan Boys & Girls Club Fam Ctr) var rate dem ser 95 A+/A-1 Rationale The...

Report Type:

Summary

Issuer

Illinois Finance Authority

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Illinois Finance Authority; Letter of Credit" Sep 07, 2006. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Finance-Authority-Letter-of-Credit-530911>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Illinois Finance Authority; Letter of Credit Sep 07, 2006. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Finance-Authority-Letter-of-Credit-530911>

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