CHICAGO — While school officials continue negotiations in an effort to avoid a looming teachers’ strike, the Kane, Cook, and DuPage Counties School District U-46 in Elgin, Ill., received favorable news from Moody’s Investors Service yesterday when it upgraded the credit to A2 from A3 in recognition of its fiscal turnaround over the last four years.

The upgrade affects about $346 million of outstanding general obligation debt issued by the state’s second largest public school district behind Chicago Public Schools. Moody’s assigned a stable outlook to the rating.

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