Standard & Poor's Ratings Services assigned its 'AAA/A-1' rating to Citigroup Global Markets Reset Option Certificates II-R, series 12124, relating to Metropolitan Pier and Exposition Authority, Ill.'s, McCormick Place Expansion Project refunding bonds, series 1999A, 1999B, and 1999C. The long-term component of the rating is based on the 'AAA' rated underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Landesbank Hessen-Thueringen Girozentrale ("Helaba"; 'A-1'). Standard & Poor's also assigned its 'AAA' rating to Citigroup Global Markets Reset Option Longs II-R, Series 12124, relating to Metropolitan Pier and Exposition Authority's McCormick Place Expansion Project refunding bonds, series 1999A, 1999B, and 1999C. The rating is based on the 'AAA' rated underlying bonds. The stable outlook...
Companies mentioned in this report are:
- Metropolitan Pier & Exposition Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr
Action: New Rating
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