S&P gives Ill. housing bonds AAA/A-1+

Standard & Poor's said it assigned an AAA/A-1+ rating to Illinois Housing Development Authority's $14.17 million of series 2008A (Larkin Village, variable-rate - AMT), $37.885 million of series 2008B (Lakeshore Plaza, variable-rate - non-AMT) and $5.57 million of series 2008C (Larkin Village, variable-rate - AMT) bonds.

The rating reflects a letter of credit provided by JPMorgan Chase NA, A-1+.

S&P also said it assigned an A+ underlying rating to the authority's series 2008A, B and C housing bonds.

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