CHICAGO — Standard & Poor's upgraded the Illinois Housing Development Authority's issuer credit rating and all debt supported by its general obligation pledge one level to AA-minus in recognition of its strong overall financials.

At the higher level, the rating agency assigned a stable outlook. The housing authority's previous rating of A-plus had carried a positive outlook. Standard & Poor's affirmed IHDA's AA ratings on its single family mortgage revenue bond and multifamily housing bond programs.

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