Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to Illinois Finance Authority's ( Presbyterian Homes Lake Forest Place Project) revenue refunding bonds series 2007. The long-term component of the rating is based on a bond insurance policy provided by Financial Security Assurance (AAA). The short-term component of the rating is based on a SBPA provided by Wachovia Bank N.A. (AA/A-1+). The bank's obligations will automatically terminate upon the occurrence of certain events of default as set forth in the SBPA. The SBPA provides coverage for the purchase price of tendered bonds that are not successfully remarketed, including the principal of and interest on the bonds for a maximum of 35 days at 10% annually in the daily, weekly, and
