On Nov. 19,2012, Standard&Poor's raised its rating on Illinois Finance Authority's revenue bonds series 1997 due April 1, 2022 (for the Sinai Community Institute project) to 'A+/A-1' from 'A/A-1' following the replacement of the letter of credit (LOC) that Bank of America N.A. ('A/A-1') had provided with a new LOC from JP Morgan Chase Bank N.A. ('A+/A-1'). The 'A+/A-1' rating reflects our opinion of the credit and liquidity support that JP Morgan Chase Bank provides in the form of an irrevocable direct-pay LOC. Under the LOC, JP Morgan Chase Bank fully supports all bond payment obligations when the bonds are in the weekly rate mode. Therefore, our rating applies only during this rate mode. If the bonds are
