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

On October 11, 2018, Kroll Bond Rating Agency (KBRA) assigned an AAA long-term rating and Stable outlook to the City of Chicagos 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 STSCs Sales Tax Securitization Bonds.

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

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

To access this report, please click here.

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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.

Kroll Bond Rating
William Cox, 646-731-2472
Managing Director
[email protected]
Cheng, 646-731-2403
Associate Director
[email protected]