CUSIP 599090BK2

  • ISIN: US599090BK23
  • Entity Name: Village of Milan, Illinois
  • Sector: Municipal
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Rating Downgrade
  • News: The Village of Milan, Rock Island County, Illinois (the Village), pursuant to issuing its General Obligation Bonds (Alternate Revenue Source), Series 2008, Taxable General Obligation Bonds (Alternate Revenue Source), Series 2010 (Build America Bonds Direct Payment), and General Obligation Refunding Bonds (Alternate Revenue Source), Series 2014 (collectively, the Bonds), entered into applicable prior undertakings (each an Applicable Undertaking) to file notice of certain events with respect to the Bonds as required by Rule 15c2-12 of the Securities Exchange Act of 1934 (the Rule). The list of events for which the Village is required to provide notice includes rating changes on the Bonds. On April 19, 2018, the Villages long-term rating and underlying rating were lowered to BBB+ from A by S&P Global Ratings, a business unit of Standard & Poors Financial Services LLC (S&P). The Village is hereby providing notice concerning the rating change on the Bonds that resulted from the rating changes on Village by S&P pursuant to each Applicable Undertaking and the Rule. The rating change on the Village and this notice of reportable event do not constitute a default under the bond ordinances for the Bonds. The Village has put procedures in place to ensure timely compliance with all of its continuing disclosure undertakings.
  • Description: *****
  • Bond Document:
  • Latest Corporate Actions:

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