Illinois Educational Facilities Authority Field Museum of Natural History; Non-Profit Organizations May 11
- ID: 1788079
- May 2011
- Region: Illinois
- Standard & Poors
Standard & Poor's Ratings Services revised the rating outlook to negative from positive on Illinois Educational Facilities Authority's debt issued for Field Museum of Natural History (the Field). Standard & Poor's also affirmed its 'A' long-term rating on the authority's series 2002 adjustable medium-term revenue bonds, issued for the Field. The outlook revision is based on our expectation during the outlook period of higher reliance on a bank line for cash flow and capital projects, as well as pressures on museum cash flow and budgeting due to multiple needs, including capital funding, building working capital, and planning for principal payments on bullet maturities. Increased unrestricted fundraising could help mitigate these issues, in our view, but is not predictable. The long-term...
Companies mentioned in this report are:
- Field Museum of Nat History
- Illinois Educl Fac Auth
Action: Outlook Revised
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.
Research Type: Full Analysis