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'AA' Rating Assigned To Cook County, IL's $515 Million GO Bonds, 'SP-1+' Rating Assigned To $110 Million Notes Sep 11
Standard & Poors, Sep 2011
Abstract
CHICAGO (Standard & Poor's) Sept. 23, 2011-- 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,' said...
Companies mentioned in this report are: Cook Cnty
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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