NEW YORK--(BUSINESS WIRE)--Sep 13, 2018--On September 11, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA with a Negative Outlook to the Chicago Park District (CPD)’s General Obligation Limited Tax Park Bonds, Series 2018A; General Obligation Limited Tax Refunding Bonds, Series 2018B; General Obligation Limited Tax Refunding Bonds, Taxable Series 2018C; General Obligation Unlimited Tax Park Bonds, Series 2018D (Personal Property Replacement Tax Alternate Revenue Source); and General Obligation Unlimited Tax Refunding Bonds, Series 2018E (Special Recreation Activity Alternate Revenue Source). KBRA also affirmed its long-term rating of AA and Negative Outlook to the CPD’s outstanding general obligation bonds.

KBRA’s long-term rating for CPD is based on the .

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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.

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CONTACT: Kroll Bond Rating Agency

Analytical Contacts:

Kate Hackett, 646-731-2304

Managing Director

khackett@kbra.com

or

Hernando Montero, 646-731-2435

Associate Director

hmontero@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

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PUB: 09/13/2018 06:08 PM/DISC: 09/13/2018 06:08 PM

http://www.businesswire.com/news/home/20180913006100/en