Standard&Poor's Ratings Services has assigned its 'AAA' rating to the Illinois Finance Authority's (IFA) series 2013 state of Illinois clean water initiative revolving fund revenue bonds. We have also affirmed ourthe 'AAA' rating on the authority's existing series 2004 revolving fund revenue bonds, which will be refunded with the proceeds of the series 2013 bonds. The outlook is stable. IFA is issuing the revolving fund bonds pursuant to a new master trust agreement related to the state's clean and drinking water state revolving fund programs (SRFs) and will be fully refunding the outstanding 2002 and 2004 bonds issued under the prior master trust agreement. Security for the series 2013 bonds is a pledge of revenues collected pursuant to
