Standard & Poor’s has raised the ratings on 12 school districts and municipalities in Illinois, Michigan, Missouri, Nebraska, and Ohio.
“The rating actions were part of our practice of regularly surveilling existing ratings, and they reflect criteria we published in 2008 on the role of size, location, and quantitative factors in our opinions on general obligation and appropriation debt,” wrote analyst Jane Ridley.
The upgraded issuers in Illinois were the Cook County Community High School District No. 219, the Cook County School District No. 171, and the DuPage and Will Counties Community Unit School District No. 204.
In Michigan, the agency upgraded Allen Park Public Schools and the Charlevoix Public Library.
In Missouri, analysts raised the ratings of the Cass County R-IX School District, the St. Louis County School District No. R-VII, and the city of Hazelwood.
In Nebraska, the agency upgraded the Washington County School District No. 001.
In Ohio, Standard & Poor’s boosted the Kent City School District, the Pike-Delta-York Local School District, and the city of Munroe Falls.