Standard & Poor’s downgraded Kankakee County Community High School District No. 307’s limited-tax general obligation rating to A from A-plus because debt levels now exceed the capacity to use a direct debt levy to support limited-tax bonds.

The downgrade on $14.9 million of debt preceded the upcoming sale of $4 million of taxable limited-tax GOs.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.