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KBRA Releases Report Assigning A+ Rating and Stable Outlook to Chicago O’Hare International Airport General Airport Senior Lien Revenue Bonds, Series 2018AB&C

November 20, 2018

NEW YORK--(BUSINESS WIRE)--Nov 20, 2018--On November 19, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A+ and Stable Outlook to the City of Chicago, IL Chicago O’Hare International Airport: General Airport Senior Lien Revenue and Revenue Refunding Bonds, Series 2018A (AMT); General Airport Senior Lien Revenue Bonds, Series 2018B (Non-AMT); and, General Airport Senior Lien Revenue Bonds, Series 2018C (Taxable). KBRA additionally affirmed the long-term rating of A+ and Stable Outlook on outstanding City of Chicago, IL Chicago O’Hare International Airport General Airport Senior Lien Revenue Bonds with the exception of General Airport Senior Lien Revenue Refunding Bonds, Series 2016AB&C and General Airport Senior Lien Revenue and Revenue Refunding Bonds, Series 2017ABC&D.

1 KBRA’s rating applies to all parity GARBs with the exception of General Airport Senior Lien Revenue Refunding Bonds, Series 2016AB&C and General Airport Senior Lien Revenue and Revenue Refunding Bonds Series, 2017ABC&D.

The rating actions are based on KBRA’s and an assessment of the following six key rating determinants identified therein:

Management Economics/Demographics of the Service Area Airport Utilization Airport Debt/Capital Needs Airport Finances Legal Mechanics and Security Provisions

To view the report, please click .

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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, 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005572/en/

CONTACT: Analytical Contacts:

Harvey Zachem, Managing Director

(646) 731-2385

hzachem@kbra.com

Peter Scherer, Associate

(646) 731-2325

pscherer@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 11/20/2018 11:47 AM/DISC: 11/20/2018 11:47 AM

http://www.businesswire.com/news/home/20181120005572/en

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