KBRA Releases Rating Report Assigning Long-Term Rating of AA+ with a Stable Outlook to the Sales Tax Securitization Corporation of Chicago’s Second Lien Sales Tax Securitization Bonds, Series 2020A and Taxable Series 2020B

NEW YORK--(BUSINESS WIRE)--On January 10, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Sales Tax Securitization Corporation (STSC) of Chicago’s Second Lien Sales Tax Securitization Bonds, Series 2020A and Taxable Series 2020B.

Concurrently, KBRA affirmed the long-term rating of AAA with a Stable Outlook on the STSC’s Sales Tax Securitization Bonds.

Issuer: Sales Tax Securitization Corporation (STSC)
Assigned	Rating	Outlook
Second Lien Sales Tax Securitization Bonds, Series 2020A	AA+	Stable
Second Lien Sales Tax Securitization Bonds, Taxable Series 2020B	AA+	Stable
Affirmed	Rating	Outlook
Sales Tax Securitization Bonds	AAA	Stable

To view the report, 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. KBRA is also 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.