S&P rates Illinois State Toll Highway Auth's USD 280m bonds at AA-.

(ADPnews) - Nov 17, 2009 - S&P on Monday assigned its AA- long-term rating to Illinois State Toll Highway Authority's USD 280 million (EUR 187m) taxable series 2009B toll highway senior-lien revenue bonds.

The agency also affirmed its AA- long-term rating and underlying rating (SPUR) on the authority's preexisting debt.

The outlook on all ratings is "stable".

The ratings primarily indicate the tollway system's size and strong financial profile, the …