NEW YORK--(BUSINESS WIRE)--On July 27, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AAA with Stable Outlook to the County of Cook’s Sales Tax Revenue Bonds, Series 2018. This rating is based on KBRA’s U.S. Special Tax Revenue Bond Rating Methodology and the following five key rating determinants.
- Legal Framework
- Nature of Special Tax Revenues
- Economic Base and Demographics
- Revenue Analysis
- Coverage and Bond Structure
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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 recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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.