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
