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.
|Sales Tax Securitization Bonds, Series 2018C||AAA||Stable|
|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.
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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.