KBRA Releases Rating Report for the City of Chicago’s Sales Tax Securitization Corporation Sales Tax Securitization Bonds, Series 2018C

NEW YORK–(BUSINESS WIRE)–On October 11, 2018, Kroll Bond Rating Agency (KBRA) assigned an AAA
long-term rating and Stable outlook to the City of Chicago’s Sales Tax
Securitization Corporation (STSC) Sales Tax Securitization Bonds, Series
2018C. KBRA has also affirmed the long-term rating of AAA with a Stable
outlook on STSC’s Sales Tax Securitization Bonds.

             
Assigned            
      Ratings     Outlook
Sales Tax Securitization Bonds, Series 2018C     AAA     Stable
Affirmed            
      Ratings     Outlook
Sales Tax Securitization Bonds     AAA     Stable
       

The long-term ratings are based on KBRA’s U.S.
Special Tax Revenue Bond Rating Methodology
and elements of
KBRA’s General
Rating Methodology for Asset-Backed Securities
.

To access this report, please click here.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.

Contacts

Analytical:
Kroll Bond Rating
Agency
William Cox, 646-731-2472
Managing Director
wcox@kbra.com
or
Alice
Cheng, 646-731-2403
Associate Director
acheng@kbra.com

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