S&P Global Ratings assigned its 'BB+' long-term rating to the Illinois Finance Authority ?s series 2025 revenue bonds, issued on behalf of Illinois Institute of Technology (Illinois Tech). The outlook is stable. CHICAGO (S&P Global Ratings) April 22, 2025—S&P Global Ratings today took the rating actions listed above. We analyzed the university's environmental, social, and governance credit factors pertaining to its market position, management and governance, and financial performance. All factors are neutral in our credit rating analysis. The stable outlook reflects our expectation that during the one-year outlook period, the university's enrollment trend will be at least stable and demand profile will be consistent. We expect financial resources will be maintained near current levels while financial operations remain near
