Moody’s Investors Service has upgraded Lake County Community College District 532’s rating to Aaa from Aa1.

The move affects $25.1 million of general obligation debt, including $19.8 million being sold as soon as this week. Most of the proceeds will shift to unrated permanent-financing certificates that funded construction of a new science building at the college’s Grayslake campus and a student center at its Lakeshore location.

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