S&P Global Ratings assigned its ?A+? rating to Whiteside, Bureau, and Henry Counties (Prophetstown-Lyndon-Tampico) Community Unit School District No. 3 , Ill.?s anticipated $7.1 million series 2025 general obligation (GO) alternate revenue source school bonds. The outlook is stable. The rating is based on the application of our ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024. The district?s unlimited-tax GO pledge secures the bonds. The bonds are further secured by the district?s share of 1% county school facility sales tax revenue, which is levied in perpetuity, and by the district?s share of state corporate personal property replacement tax (CPPRT) revenue. While the sales tax and CPPRT revenue are the intended repayment sources, we rate to the GO
