Standard & Poor’s lifted the ratings of 14 school districts and municipalities in Illinois, Minnesota, Missouri, Nebraska, and Ohio last week as part of the agency’s regular surveillance.
The action reflects rating criteria set in 2008 on the role of size, location, and quantitative factors on general obligation and appropriation debt.
The upgraded issuers in Illinois are the Cary Park District, the Cook County Forest Preserve District, Cook County School District No. 142, Cook County Township High School District No. 204, Cook County School District No. 167, Cook County School District No. 108, and the McHenry County Conservation District.
The upgraded issuer in Minnesota is Chatfield Independent School District No. 227 and in Missouri, the Arnold, Kirkwood, and Rolla districts were upgraded. In Nebraska, it was Douglas County School District No. 54. In Ohio, the agency upgraded the Fairfield Union Local School District and the Sidney City School District.