Illinois to Sell $460M GO Deal

Shields, Yvette
May 2003
Bond Buyer;5/28/2003, Vol. 344 Issue 31644, p1
Trade Publication
The state of Illinois will sell 460 million dollar of general obligation bonds on May 28, 2003 following a downgrade by Fitch Ratings Inc. to AA from AA-plus. The state planned a sale of up to 4 billion dollar of taxable pension government obligations set for June 5, and the competitive sale of 1.5 billion dollar of cash flow notes. As much as 200 million dollar of the transaction will carry triple-A insurance from MBIA Insurance Corp. Mid-range maturities will likely be the ones to carry insurance. The state will use nearly 2 billion dollar of pension bond sale to cover payments owed to the pension system in fiscal 2003 and 2004.


Related Articles

  • The Downhill Slope on the Road to Recover(ies). C. J. C. // Bank Loan Report;7/13/2009, Vol. 24 Issue 28, p2 

    The article presents the Fitch Ratings Ltd. report covering the recovery rates on defaulted loans and bonds in the U.S. as of fiscal year 2009. The result shows that loans are averaging just 57.5%, while the bonds with 21.8% following the decrease in recovery rate. Furthermore, it mentions that...

  • Prognosis Negative. D'Ambrosio, Jill // Bond Buyer;6/14/2004, Vol. 348 Issue 31904, p35 

    Reports on the rating provided by Fitch Ratings Inc. to two series of bonds issued through the New Jersey Health Care Facilities Financing Authority on behalf of Pascack Valley Hospital in New Jersey.

  • Fitch Upgrades Massachusetts Water Pollution Abatement Bonds to AAA. Cataldo, Adam L. // Bond Buyer;8/11/2004, Vol. 349 Issue 31945, p4 

    Reports on the move of Fitch Ratings Inc. to upgrade the ratings of the Massachusetts Water Pollution Abatement revenue bonds. Impact of the ratings on the bonds for the Massachusetts Water Resources Authority; Affirmation of the agency of the rating for Massachusetts Water Pollution Abatement...

  • ILLINOIS: Rock Island Schools Boosted. Shields, Yvette // Bond Buyer;12/12/2007, Vol. 362 Issue 32772, p9 

    The article reports that Fitch Ratings has revised its ratings to the Rock Island School District No. 41's credit in December 2007. Accordingly, the district is located in the western part of the state along the Mississippi River. As claimed the rating agency, the change is from A-plus to...

  • MINNESOTA: Fitch Revises Airport Outlook. Shields, Yvette // Bond Buyer;12/12/2007, Vol. 362 Issue 32772, p9 

    The article reports on the revision by Fitch Ratings of its outlook on the Minneapolis-St. Paul Metropolitan Airports Commission's outstanding debt. The ratings have changed from negative to stable or AA-minus to the airport's senior-lien revenue refunding bonds. According to Fitch's one...

  • Moody's Boosts Suffolk County, N.Y., to Aa3 From A1. Phillips, Ted // Bond Buyer;10/16/2006, Vol. 358 Issue 32487, p6 

    The article reports that rating agency Moody's Investors Service Inc. has upgraded the general obligation bond rating of Suffolk County, New York. The agency is confident that the county's general obligation bond would be stable. A total of $94.17 million of public improvement serial bonds would...

  • VIRGINA: College Agency Affirmed. Ackerman, Andrew // Bond Buyer;11/2/2006, Vol. 358 Issue 32500, p35 

    The article reports on the reaffirmation of Fitch Ratings' AA-plus rating for the Virginia College Building Authority for its plan to issue $150.8 million of pooled revenue bonds. It has been stated that the bonds are secured by a general revenue pledge of each of the eight public higher...

  • MARYLAND: Asbury Group Issuing $133M. Smith, Nicole M. // Bond Buyer;11/13/2006, Vol. 358 Issue 32507, p35 

    The article reports that Asbury Maryland Obligated Group has gained stable BBB-minus from Fitch Ratings Inc. The group is believed to issue some $132.5 million of revenue bonds through the city of Gaithersburg, Maryland. According to the rating service, the Series 2006A-C bonds are part of a...

  • ALABAMA: Fitch: Expressway Stable. Sigo, Shelly // Bond Buyer;6/7/2007, Vol. 360 Issue 32644, p9 

    The article reports on the affirmation of the underlying A-minus rating on the Tampa-Hillsborough County Expressway Authority's revenue bonds and the revision of the outlook to stable from negative, by Fitch and Ratings Inc. The outlook revision affects the $406.6 million of outstanding revenue...


Read the Article


Sign out of this library

Other Topics