School bonds

The rating agency lowered the outlook to stable on its A-plus rating, saying Pennsylvania didn't do itself many favors in its fiscal 2026 budget season. 

The long-awaited budget closely resembles the governor's original proposal, pared down by just over $1 billion.

Negative rating and outlook revisions for U.S. K-12 public school districts rose markedly from 2024 to 2025, according to S&P Global Ratings.

Moody's cited very narrow liquidity, very high leverage and concerns about delays in opening up a new campus.

At least $200 million of the bonds will be priced on a competitive basis.

Pennsylvania's budget impasse has surpassed four months. Local governments and schools that rely on state funds are getting frustrated.

The school system, which has an AA underlying bond rating from S&P, was targeted by the Texas Education Agency for a takeover based on academic performance.

Chicago Public Schools went to market this week with nearly $1.1 billion of refunding bonds in the largest municipal transaction the district ever completed.

After Immigration and Customs Enforcement agents arrested its superintendent, Des Moines Public Schools is taking a $265 million GO bond measure to voters.

Voters will decide the fate of 447 bond propositions totaling a record $83.7 billion with development-related districts accounting for most of the debt.

The northern California school district has been struggling for years and on several occasions abandoned plans to consolidate schools, which rating agencies say might have shored up finances.

The bill was a response to a charter school fraud that took the state for $400 million, but Gov. Gavin Newsom said the proposed reforms were too expensive.

Illinois school districts face worsening credit pressure due rising personnel and special education costs and slower home price growth, S&P Global Ratings said.

Deston High School defaulted on series 2021A, 2022A and 2022B bonds.

S&P Global Ratings cut the Toms River Regional School District to A-minus from A, ending a negative CreditWatch but assigning a negative outlook.

The state government is holding back school aid while it waits for lawmakers to pass a budget. That's hurting some schools more than others. 

Minnesota school districts face a financial crunch as the end of pandemic relief funds coincides with rising expenses, lower enrollment and labor pressures.

The appelate ruling in favor of the San Juan Unified School District helps clarify what districts can finance under the state laws governing bond elections.

Chicago Public Schools plans to return to market with $650 million of Series 2025A unlimited tax general obligation bonds.

The school had less than one time debt service coverage last fiscal year.