Summary: DuPage County School District No. 53 (Butler), Illinois; General Obligation

S&P Global Ratings assigned its 'AAA' long-term rating to DuPage County School District No. 53 (Butler), Ill.'s series 2022 general obligation (GO) debt certificates. The outlook is stable. The series 20221 GO debt certificates are secured by legally available funds. Based on the application of our criteria, titled "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness," published Nov. 20, 2019, on RatingsDirect, we rate the series 2021 certificates at the same level as our view of the district's general creditworthiness because we think the district's ability to repay the obligation is closely tied to its operations, reflected by the GO rating. Bond proceeds will be used to make ADA compliance upgrades, safety and security upgrades, renovations of academic

...S&P Global Ratings assigned its '###' long-term rating to DuPage County School District No. 53 (Butler), Ill.'s series 2022 general obligation (GO) debt certificates. The outlook is stable. The series 20221 GO debt certificates are secured by legally available funds. Based on the application of our criteria, titled "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness," published Nov. 20, 2019, on RatingsDirect, we rate the series 2021 certificates at the same level as our view of the district's general creditworthiness because we think the district's ability to repay the obligation is closely tied to its operations, reflected by the GO rating. Bond proceeds will be used to make ADA compliance upgrades, safety and security upgrades, renovations of academic spaces, and wellness and communal spaces. The district expects to complete these projects within three years. The district's bonds are eligible for a rating above the sovereign because we believe it can maintain...

Summary