- Language: English
- Published: November 2003
- Region: United States
Cook County, IL $397.4M Unlimited Tax GOs Rated 'AA-' Mar 99
- Published: March 1999
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) March 30, 1999--Standard & Poor's today assigned its double-'A'-minus rating to Cook County, Ill.'s $319.01 million GO unlimited tax bonds series 1999A due Nov. 15, 2010-2028 and $78.42 million GO unlimited tax refunding bonds series 1999B due Nov. 15, 2004-2012. The bonds are scheduled to sell April 12, 1999. At the same time, Standard & Poor's raised its rating on the county's outstanding uninsured GO unlimited tax bonds to double-'A'-minus from single-'A'-plus. The upgrade reflects continued strong financial performance due to revenue growth and improved budgetary controls. The rating also reflects the county's strong economy and a high and growing overall debt burden. The county has three primary functions: -- Public safety, including courts...
Companies mentioned in this report are:
- Cook Cnty
Action: New Rating
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- Cook Cnty