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.
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Issuer: Sales Tax Securitization Corporation (STSC) |
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Assigned |
Rating |
Outlook |
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Second Lien Sales Tax Securitization Bonds, Series 2020A |
AA+ |
Stable |
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Second Lien Sales Tax Securitization Bonds, Taxable Series 2020B |
AA+ |
Stable |
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Affirmed |
Rating |
Outlook |
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Sales Tax Securitization Bonds |
AAA |
Stable |
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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.
Contacts
Analytical Contacts:
William Cox, Senior Managing Director
(646) 731-2472
[email protected]
Alice Cheng, Director
(646) 731-2403
[email protected]
Karen Daly, Senior Managing Director
(646) 731-2347
[email protected]
Business Development Contact:
Bill Baneky, Managing Director
(646) 731-2409
[email protected]
James Kissane, Senior Director
(213) 806-0026
[email protected]
