Arlene Bohner, Amy Laskey, and Laura Porter discussed Fitch’s ‘AAA’ rating on the Sales Tax Securitization Corp, IL Series 2017 A&B bonds.
Bond proceeds will be used by the corporation to purchase the sales tax revenues that secure the bonds. Funds will be applied to refund the city’s existing sales tax revenue bonds. The bonds are expected to sell via negotiation the week of December 4. The Rating Outlook is Stable.