- Language: English
- 359 Pages
- Published: October 2011
- Region: United Kingdom
Summary: Illinois Dev Fin Auth; Pf Structured, Letter of Credit Jan 99
- Published: January 1999
- Region: Illinois
- Standard & Poors
The rating assigned to Illinois Development Finance Authority's bonds, issued for The Chicago Theater, is based on an irrevocable direct pay LOC severally provided by The First National Bank of Chicago, The Northern Trust Co., and Harris Trust & Savings Bank. Initially, the bonds will bear interest at a weekly rate and can be converted to bear interest at the daily rate, fixed rate, an adjustable rate less than 365 days, and an adjustable rate greater than 365 days. The bond trustee will draw on the LOC to pay regularly scheduled principal and interest on the bonds as well as to pay the purchase price of the unremarketed tendered bonds. The bonds are subject to mandatory tender as follows: Each...
Companies mentioned in this report are:
- Illinois Fin Auth
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- Illinois Fin Auth