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KBRA Releases Rating Report Assigning Long-Term Rating of AA+ with a Stable Outlook to the Sales Tax Securitization Corporation of Chicago’s Second Lien Sales Tax Securitization Bonds, Series 2020A and Taxable Series 2020B

January 13, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Jan 13, 2020--

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.

Issuer: Sales Tax Securitization Corporation (STSC)

Assigned

Rating

Outlook

Second Lien Sales Tax Securitization Bonds, Series 2020A

AA+

Stable

Second Lien Sales Tax Securitization Bonds, Taxable Series 2020B

AA+

Stable

Affirmed

Rating

Outlook

Sales Tax Securitization Bonds

AAA

Stable

To view the report, click here.

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200113005834/en/

CONTACT: Analytical Contacts:

William Cox, Senior Managing Director

(646) 731-2472

wcox@kbra.comAlice Cheng, Director

(646) 731-2403

acheng@kbra.com

Karen Daly, Senior Managing Director

(646) 731-2347

kdaly@kbra.com

Business Development Contact:

Bill Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.com

James Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 01/13/2020 01:42 PM/DISC: 01/13/2020 01:42 PM

http://www.businesswire.com/news/home/20200113005834/en