Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Cook County, Ill.'s $148.5 million series 2011A general obligation (GO) refunding bonds, $241.5 million series 2011B taxable GO refunding bonds, and $125.0 million series 2011C taxable GO bonds. At the same time, Standard & Poor's assigned its 'SP-1+' rating to the county's $110.0 million series 2011D taxable GO corporate purpose notes. Finally, Standard & Poor's affirmed its 'AA' long-term and underlying ratings (SPUR) and 'AA/A-1' and 'AA/A-1+' ratings on the county's outstanding debt. The outlook on all ratings is stable. The long-term rating reflects our view of the county's: Taxing flexibility and recent budget balancing efforts under a newly-elected administration; Pension that is adequately funded but has lost ground...
Companies mentioned in this report are:
- Cook Cnty
Action: New Rating
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