Lewis And Clark Community College District, IL Debt Rating Raised To 'A+' On Stronger Financial Performance; Otlk Stable

NEW YORK (S&P Global Ratings) Oct. 23, 2024--S&P Global Ratings raised its long-term rating on Madison Jersey etc. Counties Community College District No.536 (Lewis and Clark Community College) (CCD), Ill.'s (LCCC) outstanding general obligation (GO) debt certificates and bonds to 'A+' from 'A-'. "The upgrade reflects our view of the college's strengthened financial performance over the past four audited years that has translated to meaningful growth in financial resources including cash and investments to debt and operations," said S&P Global Ratings credit analyst Mel Brown. The outlook is stable. The stable outlook reflects our expectation that Lewis and Clark Community College will maintain its enrollment base, continue achieving positive financial performance, and sustain its healthy financial resource ratios in line

...October 23, 2024 NEW YORK (S&P Global Ratings) Oct. 23, 2024--S&P Global Ratings raised its long-term rating on Madison Jersey etc. Counties Community College District No.536 (Lewis and Clark Community College) (CCD), Ill.'s (LCCC) outstanding general obligation (GO) debt certificates and bonds to 'A+' from 'A-'. "The upgrade reflects our view of the college's strengthened financial performance over the past four audited years that has translated to meaningful growth in financial resources including cash and investments to debt and operations," said S&P Global Ratings credit analyst Mel Brown. The outlook is stable. The stable outlook reflects our expectation that Lewis and Clark Community College will maintain its enrollment base, continue achieving positive financial performance, and sustain its healthy financial resource ratios in line with peers at the rating level. We also anticipate stable support from the state and its local property tax base over the outlook period....

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