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Illinois Educational Facilities Authority Field Museum of Natural History; Non-Profit Organizations May 11 Product Image

Illinois Educational Facilities Authority Field Museum of Natural History; Non-Profit Organizations May 11

  • Published: May 2011
  • Region: Illinois
  • Standard & Poors

Abstract
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

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- Field Museum of Nat History
- Illinois Educl Fac Auth

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