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Summary: Illinois Educational Facilities Authority Illinois; Moral Obligation Jan 13 Product Image

Summary: Illinois Educational Facilities Authority Illinois; Moral Obligation Jan 13

  • ID: 2386915
  • January 2013
  • Region: Illinois
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services lowered its rating on the debt of various Illinois issuing entities in conjunction with its downgrade on the state general obligation (GO) rating to 'A-' from 'A'. The negative outlook on the entities' ratings mirrors the negative outlook on the state's GO bonds. See the related report on Illinois published earlier today on RatingsDirect on the Global Credit Portal. The negative outlook mirrors that on the state's GO bonds. Temporary contact number for Robin Prunty: (1) 914-582-7470. U.S. State And Local Government Credit Conditions Forecast, Jan. 17, 2013 USPF Criteria: State Ratings Methodology, Jan. 3, 2011 USPF Criteria: Financial Management Assessment, June 27, 2006...

Companies mentioned in this report are:
- Illinois

Action: Downgraded
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 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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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