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Summary: Illinois; General Obligation Jan 12

  • ID: 2039329
  • January 2012
  • Region: Illinois
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating, and negative outlook, to the state of Illinois' $525 million series A general obligation (GO) bonds of January 2012 and $275 million series B taxable GO bonds of January 2012. At the same, Standard & Poor's affirmed its 'A+' rating, with a negative outlook, on the parity debt outstanding. We understand that proceeds from the series 2012 bond issues will fund the state's capital program. Key factors supporting the 'A+' ratings include what we view as Illinois': Deep and diverse economy, which is anchored by the Chicago metropolitan statistical area; Above-average income levels; Almost unlimited ability to raise taxes and other revenues due to its sovereign powers and the absence of...

Companies mentioned in this report are:
- Illinois

Action: Affirmed
Action: New Rating
Action: Outlook: Negative

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 READ MORE >

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- - Illinois

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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