Research Update: Saline County Community Unit School District No.3 (Harrisburg), IL GO Bond Outlook Revised To Stable From Negative - S&P Global Ratings’ Credit Research

Research Update: Saline County Community Unit School District No.3 (Harrisburg), IL GO Bond Outlook Revised To Stable From Negative

Research Update: Saline County Community Unit School District No.3 (Harrisburg), IL GO Bond Outlook Revised To Stable From Negative - S&P Global Ratings’ Credit Research
Research Update: Saline County Community Unit School District No.3 (Harrisburg), IL GO Bond Outlook Revised To Stable From Negative
Published May 14, 2025
Published May 14, 2025
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Abstract:

S&P Global Ratings revised its outlook to stable from negative and affirmed its ?A-' rating on Saline County Community Unit School District No.3 (Harrisburg) ?s general obligation (GO) bonds and lease certificates outstanding. The outlook revision reflects our view that the district?s recent significant levy increases and expenditure management efforts have it on a path toward structural balance, with available reserves likely to remain sufficient for the rating despite a draw planned for fiscal 2025 to support operations. The rating reflects the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The district's unlimited tax GO pledge secures its GO bonds. All legally available funds secure the district's series 2021 lease certificates. We

  
Report Type:

Research Update

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Saline County Community Unit School District No.3 (Harrisburg), IL GO Bond Outlook Revised To Stable From Negative" May 14, 2025. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Saline-County-Community-Unit-School-District-No-3-Harrisburg-IL-GO-Bond-Outlook-Revised-To-Stable-From-Negative-3369398>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Saline County Community Unit School District No.3 (Harrisburg), IL GO Bond Outlook Revised To Stable From Negative May 14, 2025. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Saline-County-Community-Unit-School-District-No-3-Harrisburg-IL-GO-Bond-Outlook-Revised-To-Stable-From-Negative-3369398>
  
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