CUSIP 770785CE1
- ISIN: US770785CE19
- Entity Name: City of Robinson
- Sector: Municipal
- Announcement Date: 07-Dec-2018
- Effective Date: 01-Dec-2018
- Issue Date: *****
- Maturity Date: 01-Feb-2021
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Upgrade
- News: The City of Robinson, Crawford County, Illinois (the ""City""), pursuant to issuing its General Obligation Sewerage Bonds (Alternate Revenue Source), Series 2008, General Obligation Refunding Bonds (Alternate Revenue Source), Series 2010, and General Obligation Sewerage Refunding Bonds (Alternate Revenue Source), Series 2015 (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 City is required to provide notice pursuant to each Applicable Undertaking and the Rule includes rating changes on the Bonds. On November 1, 2018, S&P Global Ratings, a business unit of Standard & Poor`s Financial Services LLC (""S&P""), raised its rating on the City`s general obligation debt from ""A"" to ""A+"" (Stable Outlook). The City is hereby providing notice concerning the rating changes on the Bonds that resulted from S&P`s rating change on the City; however, not within the required timeframe pursuant to each Applicable Undertaking and the Rule. The City`s failure to comply under each Applicable Undertaking does not constitute a default under the bond ordinances for the Bonds. The City has put procedures in place to ensure timely compliance with all of its continuing disclosure undertakings.
- Description: Municipal Name: City of Robinson CUSIP: 770785CE1 Currency: USD City of Robinson announced today that the Standard & Poor s Ratings has upgraded the ratings of the Series 2010, General Obligation Sewerage Refunding Bonds from A to A+ on November 1, 2018.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US770785CE19
