NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA and Stable Outlook to the City of Chicago’s Sales Tax Securitization Corporation (STSC) Sales Tax Securitization Bonds, Series 2019A (Taxable).
KBRA also affirms the long-term rating of AAA with a Stable Outlook on the STSC’s outstanding Sales Tax Securitization Bonds.
Issuer: Sales Tax Securitization Corporation | ||||
Assigned | Rating(s) | Outlook | ||
Sales Tax Securitization Bonds, Series 2019A (Taxable) | AAA | Stable | ||
Affirmed | Rating(s) | Outlook | ||
Sales Tax Securitization Bonds | AAA | Stable | ||
Concurrently, KBRA has withdrawn the long-term rating of AAA with a Stable Outlook on the STSC’s Sales Tax Securitization Bonds, Taxable Series 2018D. The sale of the Series 2018D Bonds was cancelled.
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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.