Standard & Poor’s last week revised its outlook on the Illinois Regional Transportation Authority’s AA-plus general obligation credit to positive from stable, as strong debt coverage levels are expected to remain intact even if the General Assembly approves additional borrowing for the agency.

An upgrade to top marks “is contingent upon clarification of the authority’s additional debt needs, and our assessment that there will be a substantial likelihood that the authority’s bonds will maintain strong debt service coverage,” analysts wrote.

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