CHICAGO (Standard&Poor's) Nov. 21, 2007--Standard&Poor's Ratings Services' has revised its rating outlook on Lake County Consolidated High School District No. 120 (Mundelein), Ill.'s GO bonds and debt certificates to stable from negative, reflecting the district's return to positive financial operations due to good budget management helped by tax base growth. The 'A+' and 'A' ratings on the district's debt have been affirmed. "We expect that management will take the steps needed to continue to successfully manage the budget in light of enrollment growth and the levy cap in order to maintain at least balanced operations and adequate reserves," said Standard&Poor's credit analyst John Kenward. The ratings reflect the district's participation in the Chicago MSA's
