S&P Global Ratings has assigned its 'A+' rating to Vermilion County Community Consolidated School District (CUSD) No. 118, Ill.'s (Danville) series 2020B taxable general obligation (GO) refunding school bonds. The outlook is stable. The district's GO debt is secured by the district's unlimited ad valorem tax pledge. The series 2020B proceeds, along with the series 2020A bonds, will be used to refund the district's series 2011A bonds for interest cost savings. The district's weak economic indicators continue to be the primary credit weakness, including market values and incomes. However, the district has been able to maintain very strong reserve levels, driven by generally positive operating results, as well as a modest debt burden. The district's local economy has seen little
