Standard & Poor’s raised its issuer credit rating on Rockford Independent School District No. 883 by one notch to AA-minus in recognition of its growing reserve levels and increased state aid levels that have followed the stabilization of its enrollment.

The review came ahead of the district’s $6.8 million sale of general obligation refunding bonds. The district benefits from its participation in the Twin Cities-area economy, very strong income and extremely strong wealth levels, and a moderate debt burden as a percent of market value.

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