S&P Global Ratings affirmed its 'AA-' long-term rating on the Illinois Finance Authority's series 2022 revenue bonds issued on behalf of the Shedd Aquarium Society (the Shedd). The outlook is stable. The series 2022 issuance is secured by an unconditional general obligation of the Shedd. In addition to the roughly $58.6 million series 2022 debt outstanding at fiscal year-end 2023, the Shedd also has about $9.2 million outstanding in privately placed debt. The debt service schedule is slightly front loaded and fully amortizes by 2047. The debt was issued to help fund an expansion of the aquarium, add additional exhibits, and redesign existing space, including an outside entry pavilion to make it more inviting to patrons, as well as an
