Home Credit Ratings and Research S&P Global Ratings’ Credit Research Consolidated High School District Number 120

Lake County CHSD No.120 (Mundelein), IL GO Bond Rating Lowered to 'AA-'

Published Jan 26, 2004

802 words — Published Jan 26, 2004

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Abstract:

CHICAGO (Standard&Poor's) Jan. 26, 2004—Standard&Poor's Ratings Services lowered its rating on Lake County Consolidated High School District No. 120 (Mundelein), Ill.'s outstanding GO bonds to 'AA-' from 'AA', reflecting periodic use of working capital to finance operations, which remain structurally imbalanced. The rating outlook has been changed to negative from stable reflecting the possibility of significantly reduced liquidity to the extent an operating levy increase is not approved by voters in 2004. In addition, Standard&Poor's has assigned its 'AA-' rating to the district's $9.185 million series 2004 GO refunding bonds and its 'A+' rating to the district's series 2004 limited-tax GO debt certificates. The rating on the debt certificates is one notch below the

Brief Excerpt:

RESEARCH Lake County CHSD No.120 (Mundelein), IL GO Bond Rating Lowered to '##-' Publication date: 26-Jan-2004 CHICAGO (Standard & Poor's) Jan. 26, 2004ùStandard & Poor's Ratings Services lowered its rating on Lake County Consolidated...

Report Type:

Ratings Action

Issuer

Consolidated High School District Number 120

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Lake Cnty Cons High Sch Dist #120 Mundelein, IL; Tax Secured, General Obligation – 2004/01/27 – US$ 225.00

Lake County Consolidated High School District 120 (Mundelein), IL Bond Rating Lowered To 'A+' – 2005/10/21 – US$ 150.00

Summary: Lake Cnty Cons High Sch Dist #120 Mundelein, IL; Tax Secured, General Obligation – 2005/10/21 – US$ 225.00

Summary: Lake County Consolidated High School District #120 Mundelein, Illinois; General Obligation – 2006/12/20 – US$ 225.00

Summary: Lake County Consolidated High School District #120 (Mundelein), Illinois; General Obligation – 2007/01/04 – US$ 225.00

Lake County Consolidated High School District No. 120 (Mundelein), Illinois; Tax Secured, General Obligation – 2002/01/07 – US$ 500.00

Summary: Lake Cnty Cons High Sch Dist #120 Mundelein, IL; Tax Secured, General Obligation – 2002/01/07 – US$ 225.00

Summary: Lake Cnty Consol High Sch DIst #120 Mundelein, IL; General Obligation, School District – 1996/01/15 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Lake County CHSD No.120 (Mundelein), IL GO Bond Rating Lowered to 'AA-'" Jan 26, 2004. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lake-County-CHSD-No-120-Mundelein-IL-GO-Bond-Rating-Lowered-to-AA-356150>

APA:	S&P Global Ratings’ Credit Research. (). Lake County CHSD No.120 (Mundelein), IL GO Bond Rating Lowered to 'AA-' Jan 26, 2004. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lake-County-CHSD-No-120-Mundelein-IL-GO-Bond-Rating-Lowered-to-AA-356150>

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