Overview
Despite the effects of the COVID-19 pandemic, Illinois school districts demonstrated generally stable credit quality in 2020 and S&P Global Ratings expects this trend is likely to continue in 2021. Nevertheless, the state's continuing fiscal difficulties could pose long-term risks for those schools that are more reliant on state funding.
S&P Global Ratings maintains general obligation (GO) ratings on 418 school districts in Illinois. Currently, 64% of Illinois school districts are in the 'A' category, 34% are in the 'AA' category or above, and 2% have debt rated in the 'BBB' category or lower. Additionally, 99% of the ratings have a stable outlook, while approximately 1% have a negative outlook. One school district has a positive outlook.
Credit Fundamentals
Potential Challenges
- The adverse fiscal effects of the COVID-19 pandemic were less severe than originally feared, as Illinois school districts benefited from reduced expenditures because of remote schooling and significant federal aid
- The evidence-based funding (EBF) formula, enacted in 2017 to address funding disparities across Illinois school districts, is not being funded as originally planned, though federal aid will likely soften the effects of this in the near term
- With the notable exception of highly rated, mostly property-tax dependent school districts, Illinois' persistent fiscal woes are a potential credit weakness for those school districts that receive significant state aid through the EBF and represent a drag on state aid-reliant school district credit quality
- Illinois' proposed 2022 budget holds state education aid flat for the second consecutive year, potentially pressuring school districts that are more dependent on this revenue source
- The Teachers' Retirement System (TRS), the state's major teachers' pension plan, is substantially underfunded, which presents long-term risks Sharp drop in enrollment caused by COVID-19 may affect those districts that experience a substantial increase in re-enrollment in fiscal 2022 based on EBF calculations
Illinois Holds Funding Flat For EBF, Though Federal COVID Aid Should Bolster Budgets
In response to fiscal pressure caused by COVID-19, the state of Illinois held funding flat in fiscal 2021 for this first time under the state's Evidence Based Funding (EBF) formula, enacted in 2017 to address funding inequities in Illinois schools. Prior to fiscal 2021, the state had steadily increased need-based aid to less-advantaged school districts to enable these districts to eventually achieve their "adequacy targets", a statistical measure representing a satisfactory level of funding across a number of educational factors with state assistance. While the adverse effects of the state holding funding flat were not immediately apparent because of the distorting fiscal effects of COVID-19, the state's action was a reminder of its history of underfunding its statutory obligations vis-à-vis school districts. For seven consecutive years between fiscals 2010 and 2016, the state prorated general state aid under its prior educational funding formula, causing fiscal shortfalls for many districts that were heavily reliant on state aid.
For fiscal 2022, the governor's proposed budget calls for another year of flat funding under the state's EBF formula, despite revenue coming in significantly better than forecast as compared to projections originally developed shortly after the pandemic reached the U.S. in March 2020. State K-12 educational funding is expected to total $8.9 billion, approximately the same as distributed in 2021. Schools particularly reliant on state aid, such as less property tax-wealthy districts in downstate Illinois, will receive the same base funding minimum that they received in fiscal 2020, without any additional state assistance under the state's tiered system for distribution of EBF funding in fiscal 2022.
Despite this shortfall, the passage of the American Rescue Plan (ARP) bodes well for all Illinois school districts. Approximately $5 billion is earmarked for Illinois K-12 school districts and will potentially mitigate fiscal pressure for those districts affected by the state's decision to hold EBF funding flat for a second consecutive year.
Underfunded Pensions Remain A Looming Threat
Continuing a pattern that has existed for some time, the state's primary teacher's pension plan, the Teacher's Retirement System (TRS), remains grossly underfunded, at 37.8% in 2020 with a new pension liability of over $86 billion. As has been the case in previous years, the state contributes the vast majority of the annual contribution to fund the TRS on behalf of school districts, so the fiscal effect of increasing contributions to bridge this funding gap does not adversely affect Illinois school districts' current budgets at this time. Despite this, given the state's current fiscal woes, the potential for a "pension cost shift" exists, which would force school districts to make room in their budgets for these additional costs and represents a long-term credit risk.
Sharp Enrollment Rise In Fiscal 2022 May Adversely Affect Districts More Reliant On State Aid
As a result of COVID-19, many parents of students removed their students from public schools and elected to home school or send their children to private, parochial, or charter schools, rather than have them learn remotely. Across the state, enrollment in K-12 school districts was down 1.9% in fiscal 2021, considerably higher than in recent years. With most public K-12 school districts in Illinois expected to return to full-time in-person instruction in the 2021-2022 school year, there exists the possibility that there could be a sharp increase in enrollment in fiscal 2022 as students that opted out in 2021 re-enroll in 2022. With the calculation of EBF tied partly to the higher of a three-year enrollment average or the most recent year's enrollment, the influx of students could create funding discontinuity in fiscal 2022 for those school districts heavily reliant on EBF. Despite this, it is possible that greater federal aid from recent federal stimulus and the ARP could mitigate the negative influence of this situation.
Illinois School District Data
Table 1
| Illinois Schools: Medians | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| --Rating-- | ||||||||||||||||||
| AAA | AA+ | AA | AA- | A+ | A | A- | BBB+ or Lower | |||||||||||
| Household EBI (%) | 178 | 131 | 129 | 106 | 93 | 81 | 89 | 82 | ||||||||||
| Market value per capita ($) | 231,537 | 110,898 | 94,443 | 69,915 | 60,587 | 47,461 | 52,200 | 46,133 | ||||||||||
| Available general fund (%) | 40.68 | 40.36 | 49.03 | 54.73 | 42.98 | 36.67 | 15.47 | 33.22 | ||||||||||
| Debt per capita ($) | 3,914 | 2,814 | 2,279 | 2,306 | 1,586 | 1,251 | 1,697 | 3,420 | ||||||||||
| Debt as % market value | 1.67 | 2.22 | 2.57 | 2.79 | 2.53 | 2.44 | 3.25 | 4.17 | ||||||||||
| Pension ARC + OPEB as % expense | 1.23 | 1.28 | 1.27 | 1.15 | 1.17 | 1.38 | 1.42 | 1.08 | ||||||||||
| EBI--Effective buying income. ARC--Annual required contribution. OPEB--Other postemployment benefits. | ||||||||||||||||||
Chart 1
Table 2
| Illinois School Districts: General Obligation Ratings List. | ||||||
|---|---|---|---|---|---|---|
| As of Feb. 24, 2021 | ||||||
| This list was prepared by individuals on behalf of the USPF Group of S&P Global Ratings and is current as of Feb. 24, 2021. For the most up to date, accurate, and complete information on any credit ratings referenced in this list, please visit www.standardandpoors.com. | ||||||
| Entity | Rating | Outlook | ||||
| A.E.R.O. Special Education Cooperative | AA- | Stable | ||||
| Adams Cnty Sch Dist 172 Quincy | A- | Stable | ||||
| Bond & Montgomery Counties Comnty Unit Sch Dist #2 | A | Stable | ||||
| Boone McHenry & DeKalb Counties Comnty Unit Sch Dist #100 Belvidere | A+ | Stable | ||||
| Brown Cnty Comnty Unit Sch Dist #1 | A- | Stable | ||||
| Bureau & Putnam Cntys High Sch Dist #500 Princeton | A+ | Stable | ||||
| Bureau Cnty Comnty Cons Sch Dist #99 Spring Vy | A+ | Stable | ||||
| Bureau Cnty Township High Sch Dist 502 (Hall) | A | Stable | ||||
| Bureau, Whiteside & Lee Counties Comnty Unit Sch Dist Number 340 | A- | Stable | ||||
| Carmi-White Cnty Sch Dist No. 5 | A | Stable | ||||
| Carroll & Whiteside Cntys Comnty Unit Sch Dist #399 (Chadwick-Milledgeville) | A+ | Stable | ||||
| Carroll Stephenson Ogle Cntys Comnty Unit Sch Dist #308 | AA- | Stable | ||||
| Cass & Morgan Cnties Comnty Unit Sch Dist #64 (Virginia) | A- | Stable | ||||
| Champaign & Piatt Counties Comnty Unit Sch Dist #003 Mahomet-Seymour | A+ | Stable | ||||
| Champaign & Vermilion Counties Comnty Consolidated Sch Dist #197 (Prairieview-Ogden) | AA- | Stable | ||||
| Champaign Cnty Comnty Consolidated Sch Dist #130 (Thomasboro) | A | Stable | ||||
| Champaign Cnty Comnty Consolidated Sch Dist #169 | AA- | Stable | ||||
| Champaign Cnty Comnty Unit Sch Dist #1 Fisher | AA | Stable | ||||
| Champaign Cnty Comnty Unit Sch Dist #4 | AA | Stable | ||||
| Champaign Cnty Comnty Unit Sch Dist #7 Tolono | AA- | Stable | ||||
| Champaign Cnty Sch Dist #116 Urbana | AA- | Stable | ||||
| Champaign Cnty Sch Dist No. 137 (Rantoul) | A+ | Negative | ||||
| Champaign Cnty Twp High Sch Dist #193 (Rantoul) | A+ | Stable | ||||
| Champaign Vermilion Douglas & Edgar Cntys Comnty Unit Sch Dist #8 Heritage | AA- | Stable | ||||
| Chicago Board of Education | BB- | Stable | ||||
| Clark Cnty Comnty Unit Sch Dist #C-2 | A+ | Stable | ||||
| Clark Cnty Comnty Unit Sch Dist #C-3 | A+ | Stable | ||||
| Clark Cumberland etc Cntys Comnty Unit Sch Dist #C-4 Casey Westfield | A+ | Stable | ||||
| Clay Wayne & Marion Cntys Comnty Unit Sch Dist #35-flora | A+ | Stable | ||||
| Clinton & Bond Counties Comnty Unit Sch Dist #1 Carlyle | A+ | Stable | ||||
| Clinton & Washington Counties Sch Dist No 46 (Willow Grove) | A- | Stable | ||||
| Clinton Bond & Madison Cnties Comnty High Sch Dist #71 | A+ | Stable | ||||
| Clinton Cnty Sch Dist #62 (Damiansville) | A- | Stable | ||||
| Coles Douglas & Edgar Cntys Comnty Unit Sch Dist #5 Oakland | A+ | Stable | ||||
| Comnty Consolidated Sch Dist #14 Christian Cnty (South Fork) | A | Stable | ||||
| Comnty Unit Sch Dist #10 (Greenfield) | A | Stable | ||||
| Comnty Unit Sch Dist #12 Montgomery & Macoupin Counties | A | Stable | ||||
| Comnty Unit Sch Dist #25 Piatt Champaign and DeWitt Counties | AA- | Stable | ||||
| Comnty Unit Sch Dist #318 (Bluford) | A+ | Stable | ||||
| Comnty Unit Sch Dist #60 Lake Cnty (Waukegan) | A | Stable | ||||
| Comnty Unit Sch Dist 174 (Thompsonville) | A | Stable | ||||
| Comnty Unit Sch Dist Number 205 Knox and Warren Counties | AA- | Stable | ||||
| Comnty Unit Sch Dist Number 27 (Triopia) | A+ | Stable | ||||
| Comnty Unit Sch Dist Number 3 (Valmeyer) | A+ | Stable | ||||
| Comnty Unit Sch Dist Number 322 (Elmwood) | A+ | Stable | ||||
| Comnty Unit Sch Dist Number 4 Shelby Cnty (Shelbyville) | A+ | Stable | ||||
| Comnty Unit Sch Dist Number 9 Macon, Sangamon & Christian Counties | A | Stable | ||||
| Cook & DuPage Cntys Comb Sch Dist #113 A (Lemont-Bromberek) | AA | Stable | ||||
| Cook & Will Counties Sch Dist #194-Steger | A+ | Stable | ||||
| Cook & Will Counties Township Hgh Sch Dist #206-Bloom | A+ | Stable | ||||
| Cook Cnty Comnty Cons Sch Dist #118 Palos | AA+ | Stable | ||||
| Cook Cnty Comnty Cons Sch Dist #59 (Arlington Hghts) | AAA | Stable | ||||
| Cook Cnty Comnty Cons Sch Dist #62 Des Plaines | AA+ | Stable | ||||
| Cook Cnty Comnty High Sch Dist #212 Leyden | AA- | Stable | ||||
| Cook Cnty Comnty High Sch Dist #218 (Oak Lawn) | AA | Stable | ||||
| Cook Cnty Comnty High Sch Dist #219 Niles Township | AA+ | Stable | ||||
| Cook Cnty Comnty High Sch Dist #233 Homewood-Flossmoor | AA+ | Stable | ||||
| Cook Cnty Comnty High Sch Dist #234 Ridgewood | AA- | Stable | ||||
| Cook Cnty Cons High Sch Dist #230 | AA | Stable | ||||
| Cook Cnty Sch Dist #102 (LaGrange-LaGrange Park) | A+ | Stable | ||||
| Cook Cnty Sch Dist #104 Argo Summit | A+ | Stable | ||||
| Cook Cnty Sch Dist #105 LaGrange | AA | Stable | ||||
| Cook Cnty Sch Dist #108 Willow Springs | AA- | Stable | ||||
| Cook Cnty Sch Dist #109 Indian Springs | AA- | Stable | ||||
| Cook Cnty Sch Dist #111 Burbank | A+ | Stable | ||||
| Cook Cnty Sch Dist #122 Ridgeland | AA- | Stable | ||||
| Cook Cnty Sch Dist #123 Oak Lawn | A+ | Stable | ||||
| Cook Cnty Sch Dist #125 Atwood Heights | A+ | Stable | ||||
| Cook Cnty Sch Dist #127.5 Chicago Ridge | A+ | Stable | ||||
| Cook Cnty Sch Dist #128 Palos Heights | AA+ | Stable | ||||
| Cook Cnty Sch Dist #130 Blue Island | A+ | Stable | ||||
| Cook Cnty Sch Dist #135 Orland Park | AA+ | Stable | ||||
| Cook Cnty Sch Dist #142 Forest Ridge | A+ | Stable | ||||
| Cook Cnty Sch Dist #143 1/2 Posen-Robbins | A | Stable | ||||
| Cook Cnty Sch Dist #145 Arbor Park | A | Stable | ||||
| Cook Cnty Sch Dist #150 South Holland | AA- | Stable | ||||
| Cook Cnty Sch Dist #151 South Holland | AA- | Stable | ||||
| Cook Cnty Sch Dist #152 1/2 Hazel Crest | A+ | Stable | ||||
| Cook Cnty Sch Dist #153 Homewood | A+ | Stable | ||||
| Cook Cnty Sch Dist #154 Thornton | A | Stable | ||||
| Cook Cnty Sch Dist #155 Calumet City | A | Stable | ||||
| Cook Cnty Sch Dist #156 Lincoln | A+ | Stable | ||||
| Cook Cnty Sch Dist #157 Hoover-Schrum | A | Stable | ||||
| Cook Cnty Sch Dist #158 Lansing | AA- | Stable | ||||
| Cook Cnty Sch Dist #160 Country Club Hills | A- | Stable | ||||
| Cook Cnty Sch Dist #161 Flossmoor | AA+ | Stable | ||||
| Cook Cnty Sch Dist #163-Park Forest | A+ | Stable | ||||
| Cook Cnty Sch Dist #169 Ford Heights | BB+ | Stable | ||||
| Cook Cnty Sch Dist #170 Chicago Heights | A | Stable | ||||
| Cook Cnty Sch Dist #30 Northbrook-Glenview | AAA | Stable | ||||
| Cook Cnty Sch Dist #37 Avoca | AAA | Stable | ||||
| Cook Cnty Sch Dist #38 Kenilworth | AAA | Stable | ||||
| Cook Cnty Sch Dist #57 Mount Prospect | AA+ | Stable | ||||
| Cook Cnty Sch Dist #74 Lincolnwood | AA+ | Stable | ||||
| Cook Cnty Sch Dist #79 Pennoyer | AA- | Stable | ||||
| Cook Cnty Sch Dist #80 Norridge | A+ | Stable | ||||
| Cook Cnty Sch Dist #81 Schiller Pk | AA- | Stable | ||||
| Cook Cnty Sch Dist #86 Union Ridge | AA- | Stable | ||||
| Cook Cnty Sch Dist #87 Berkeley | AA- | Stable | ||||
| Cook Cnty Sch Dist #88 Bellwood | A- | Positive | ||||
| Cook Cnty Sch Dist #89 Maywood-Melrose Park-Broadview | A | Stable | ||||
| Cook Cnty Sch Dist #92 Lindop | A+ | Stable | ||||
| Cook Cnty Sch Dist #93 Hillside | AA- | Stable | ||||
| Cook Cnty Sch Dist #94 Komarek | A+ | Negative | ||||
| Cook Cnty Sch Dist 100 Berwyn South | A+ | Stable | ||||
| Cook Cnty Sch Dist Number 78 Rosemont | A+ | Stable | ||||
| Cook Cnty Sch Dist Number 85-1/2 River Grove | AA- | Stable | ||||
| Cook Cnty Sch Distrist #148 Dolton-Riverdale | A+ | Stable | ||||
| Cook Cnty Township High Sch Dist #204 Lyons | AAA | Stable | ||||
| Cook Cnty Township High Sch Dist #205 Thornton | A+ | Stable | ||||
| Cook Cnty Township High Sch Dist #209 Proviso | A+ | Stable | ||||
| Cook Cnty Twp High Sch Dist #207 | AA+ | Stable | ||||
| Cook Cnty Twp High Sch Dist #208 Riverside Brook | AA+ | Stable | ||||
| Cook Cnty Twp High Sch Dist #215 Thornton-Fractional | AA- | Stable | ||||
| Crawford Cnty Comnty Unit Sch Dist No. 2 | A | Stable | ||||
| De Kalb Kane & Kendall Cntys Cmnty Unit Sch Dist #429 | AA | Stable | ||||
| DeKalb & Kane Counties Comnty Unit Sch Dist #427 Sycamore | A | Stable | ||||
| DeKalb Boone Ogle & Winnebago Cntys Comnty Unit Sch Dist #426 (Hiawatha) | AA- | Stable | ||||
| DeKalb Cnty Comnty Unit Sch Dist #425 (Indian Creek) | AA | Stable | ||||
| DeWitt Macon & Logan Cnties Comnty Unit Sch Dist #15 (Clinton) | A | Stable | ||||
| DeWitt Piatt & McLean Cntys Comnty Unit Sch Dist #18 Blue Ridge | A+ | Stable | ||||
| Douglas & Champaign Cntys Comnty Unit Sch Dist #301 | A | Stable | ||||
| Douglas Moultrie and Coles Counties Comnty Unit Sch Dist Number 305 (Arthur) | A | Stable | ||||
| DuPage & Cook Cntys Comnty Cons Sch Dist #181 Hinsdale | AAA | Stable | ||||
| DuPage & Cook Cntys Comnty Unit Sch Dist #205 | AA+ | Stable | ||||
| DuPage & Cook Cntys Twp High Sch Dist #86 Hinsdale | AAA | Stable | ||||
| DuPage & Will Cnties Comnty Unit Sch Dist #203 (Naperville) | AAA | Stable | ||||
| DuPage & Will Counties Comnty Unit Sch Dist #204 Indian Prairie | AA+ | Stable | ||||
| DuPage Cnty Comnty Cons Sch Dist #93 Carol S | AA+ | Stable | ||||
| DuPage Cnty Comnty High Sch Dist #108 | AA+ | Stable | ||||
| DuPage Cnty Comnty High Sch Dist #99 | AA+ | Stable | ||||
| DuPage Cnty Comnty Unit Sch Dist #200 Wheaton-Warrenville | AA+ | Stable | ||||
| DuPage Cnty Sch Dist #13 Bloomingdale | AA+ | Stable | ||||
| DuPage Cnty Sch Dist #16 Queen Bee | AA | Stable | ||||
| DuPage Cnty Sch Dist #2 Bensenville | AA+ | Stable | ||||
| DuPage Cnty Sch Dist #20 Keeneyville | AA | Stable | ||||
| DuPage Cnty Sch Dist #34 | AA | Stable | ||||
| DuPage Cnty Sch Dist #60 Maercker | AA+ | Stable | ||||
| DuPage Cnty Sch Dist #63 Cass | AA | Stable | ||||
| DuPage Cnty Sch Dist No.58 (Downers Grove) | AA | Stable | ||||
| DuPage Cnty Twp High Sch Dist #87 Glenbard | AA+ | Stable | ||||
| ECHO (Exceptional Children Have Opportunities) | AA- | Stable | ||||
| Edgar Cnty Comnty Unit Sch Dist No 4 Paris | A+ | Stable | ||||
| Edgar Cnty Union Sch Dist #95 (Paris-Union) | A+ | Stable | ||||
| Edgar, Coles & Clark Counties Comnty Unit Sch Dist #3 Kansas | A | Stable | ||||
| Effingham & Clay Cntys Comnty Unit Sch Dist #40 | A+ | Stable | ||||
| Effingham & Fayette Cntys Comnty Unit Sch Dist #10 | A | Stable | ||||
| Effingham Cumberland Cntys etc Comnty Unit Sch Dist #50 Teutopolis | A+ | Stable | ||||
| Fayette & Montgomery Cntys Comnty Unit Sch Dist #203 (Vandalia) | A | Stable | ||||
| Fayette, Montgomery & Shelby Counties Comnty Unit Sch Dist Number 204 | A+ | Stable | ||||
| Ford Champaign Iroquois Livingston & Vermilion Cnties Comnty Unit Sch Dist #10 (Paxton-Buckley-Loda) | A+ | Stable | ||||
| Ford, Champaign, McLean & Livingston Cntys Comnty Unit Sch Dist #5 Gibson City-Melvin-Sibley | A+ | Stable | ||||
| Franklin & Williamson Cnties Comnty Unit Sch Dist #188 (Zeigler-Royalton) | A- | Stable | ||||
| Franklin Cnty Comnty Consolidated Sch Dist #47 Benton | A | Stable | ||||
| Franklin Cnty Comnty Unit Sch Dist No. 99 Christopher | A | Stable | ||||
| Franklin, Hamilton & Jefferson Counties Cons High Sch Dist #103 Benton | A | Stable | ||||
| Fulton Cnty Comnty Unit Sch Dist #3 | A+ | Stable | ||||
| Fulton Peoria & Knox Cntys Comnty Unit Sch Dist #265 | AA- | Stable | ||||
| Greene & Scott Cntys Comnty Unit Sch Dist #3 North Greene | A | Stable | ||||
| Greene Cnty Comnty Unit Sch Dist #1 | A+ | Stable | ||||
| Griggsville-Perry Comnty Unit Sch Dist #4 | A | Stable | ||||
| Grundy & Kendall Cntys Comnty Consolidated Sch Dist #60-C (Saratoga) | AA- | Stable | ||||
| Grundy & Will Cntys Comnty Unit Sch Dist #1 Coal City | A+ | Stable | ||||
| Grundy Area Vocational Center | AA | Stable | ||||
| Grundy Cnty Comnty Cons Grade Sch Dist #24-C (Nettle Creek) | AA- | Stable | ||||
| Grundy Cnty Sch Dist #2C Mazon-Verona-Kinsman | A+ | Stable | ||||
| Grundy Kendall & Will Cnties Comnty Cons Sch Dist #201 Minooka | AA- | Stable | ||||
| Hancock Cnty Comnty Consolidated Sch Dist #328 (Hamilton) | A | Stable | ||||
| Hancock Cnty Comnty Unit Sch Dist #325 Nauvoo-Colusa | A | Stable | ||||
| Henry & Bureau Counties Comnty Unit Sch Dist #229 Kewanee | A | Stable | ||||
| Henry & Bureau Counties Comnty Unit Sch Dist No. 226 (Annawan) | A+ | Stable | ||||
| Henry & Rock Island Comnty Unit Sch Dist #223 | AA- | Stable | ||||
| Henry & Whiteside Counties Comnty Unit Sch Dist #228 Geneseo | A+ | Stable | ||||
| Henry Cnty Comnty Unit Sch Dist #227 (Cambridge) | A+ | Stable | ||||
| Henry Knox & Mercer Cntys Comnty Unit Sch Dist #225 | A+ | Stable | ||||
| Huntley Comnty Sch Dist 158 McHenry & Kane Counties | AA | Stable | ||||
| Iroquois Cnty Comnty Unit Sch Dist Number 124 (Milford) | A+ | Stable | ||||
| Iroquois West Sch Dist #10 | A+ | Stable | ||||
| Jackson Cnty Comnty Unit Sch Dist #186 (Murphysboro) | A | Stable | ||||
| Jackson Cnty Sch Dist #95 Carbondale | A+ | Stable | ||||
| Jackson Perry & Randolph Cntys Comnty Unit Sch Dist #176 Trico | A- | Stable | ||||
| Jasper Richland Clay Effingham & Cumberland Cnties Comnty Unit Sch Dist #1 | A | Stable | ||||
| Jefferson Cnty Township High Sch Dist No. 201 (Mount Vernon) | A+ | Stable | ||||
| Jersey & Greene Cntys Comnty Unit Sch Dist #100 | A | Stable | ||||
| Johnson & Union Cntys Comnty Unit Sch Dist #1 | A+ | Stable | ||||
| Johnson Cnty Sch Dist #55 Vienna | A | Stable | ||||
| Kane & DeKalb Cnties Comnty Unit Sch Dist #301 Burlington | AA | Stable | ||||
| Kane & Dekalb Cnties Comnty Unit Sch Dist #302 | AA | Stable | ||||
| Kane & DuPage Comnty Unit Sch Dist #303 St Charles | AA+ | Stable | ||||
| Kane Cnty Comnty Unit Sch Dist #304 Geneva | AA+ | Stable | ||||
| Kane Cnty Sch Dist #131 (Aurora East) | A+ | Stable | ||||
| Kane Cook & DuPage Cnties Sch Dist #46 Elgin | AA- | Stable | ||||
| Kane, McHenry, Cook, & DeKalb Cnties Comnty Unit Sch Dist #300 (Carpentersville) | AA | Stable | ||||
| Kankakee Cnty Comnty Cons Sch Dist #258 St George | A+ | Stable | ||||
| Kankakee Cnty Comnty High Sch Dist #307 (Bradley-Bourbonnais) | A+ | Stable | ||||
| Kankakee Cnty Comnty Unit Sch Dist #1 Momence | A | Stable | ||||
| Kankakee Iroquois Ford Cntys et al Comnty Unit Sch Dist #2 | A+ | Stable | ||||
| Kendall & LaSalle Counties Comnty Consolidated Sch Dist Number 66 (Newark) | AA- | Stable | ||||
| Kendall Cnty Comnty Unit Sch Dist #88 Plano | AA- | Stable | ||||
| Knox & Henry Counties Comnty Unit Sch Dist Number 208 (R.O.W.V.A) | A+ | Stable | ||||
| Knox Cnty Comnty Unit Sch Dist #202 Knoxville | A+ | Stable | ||||
| La Salle Cnty High Sch Dist #140 Ottawa | A | Stable | ||||
| La Salle Cnty Sch Dist #141 Ottawa | A- | Stable | ||||
| Lake & McHenry Cnty Comnty Unit Sch Dist #118 Wauconda | AA- | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #102 Aptakisic-Tripp | AAA | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #24 Millburn | A- | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #3 Beach Pk | A+ | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #34 Antioch | AA | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #41 (Lake Villa) | AA- | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #46 Grayslake | AA+ | Stable | ||||
| Lake Cnty Comnty Cons Sch Dist #50 Woodland | AA+ | Stable | ||||
| Lake Cnty Comnty Consolidated Sch Dist Number 73 (Hawthorn) | AA+ | Stable | ||||
| Lake Cnty Comnty High Sch Dist #115 (Lake Forest) | AAA | Stable | ||||
| Lake Cnty Comnty High Sch Dist #117 Antioch | AA | Stable | ||||
| Lake Cnty Comnty High Sch Dist #127 Grayslake | AA+ | Stable | ||||
| Lake Cnty Comnty Unit Sch Dist # 187 (North Chicago) | BBB- | Stable | ||||
| Lake Cnty Comnty Unit Sch Dist #116 Round Lake | A+ | Stable | ||||
| Lake Cnty Comnty Unit Sch Dist #95 Lake Zurich | AAA | Stable | ||||
| Lake Cnty Cons High Sch Dist #120 (Mundelein) | AA+ | Stable | ||||
| Lake Cnty Sch Dist #103 Lincolnshire-Prairie View | AAA | Stable | ||||
| Lake Cnty Sch Dist #112 North Shore | AAA | Stable | ||||
| Lake Cnty Sch Dist #114 Fox Lake | A | Stable | ||||
| Lake Cnty Sch Dist #56 Gurnee | AA+ | Stable | ||||
| Lake Cnty Sch Dist #65 Lake Bluff | AAA | Stable | ||||
| Lake Cnty Sch Dist #68 (Oak Grove) | AAA | Stable | ||||
| Lake Cnty Sch Dist #70 Libertyville | AAA | Stable | ||||
| Lake Cnty Sch Dist #72 Rondout | AAA | Stable | ||||
| Lake Cnty Township High Sch Dist #121 Warren | AA+ | Stable | ||||
| Lake Cnty Twp High Sch Dist #113 Highland Pk - Deerfield | AAA | Stable | ||||
| Lake Cook Kane & McHenry Counties Comnty Unit Sch Dist #220 Barrington | AAA | Stable | ||||
| LaSalle & Bureau Cntys Comnty Cons Sch Dist #175 (Dimmick) | AA- | Stable | ||||
| LaSalle & Bureau Counties Township High Sch Dist #120 LaSalle-Peru | AA- | Stable | ||||
| LaSalle & DeKalb Counties Comnty Unit Sch Dist #1 Leland | AA- | Stable | ||||
| LaSalle & Marshall Counties Comnty Unit Sch Dist #425 Lostant | A | Stable | ||||
| LaSalle Cnty Comnty Consolidated Sch Dist #185 Waltham | A+ | Stable | ||||
| LaSalle Cnty Comnty Consolidated Sch Dist #95 Grand Ridge | A+ | Stable | ||||
| LaSalle Cnty Comnty Unit Sch Dist #2 Serena | AA- | Stable | ||||
| LaSalle Cnty Sch Dist Number 122 | A+ | Stable | ||||
| LaSalle DeKalb & Lee Cntys Comnty Unit Sch Dist #9 Earlville | A+ | Stable | ||||
| Lawrence & Crawford Cnties Comnty Unit Sch Dist #20 Lawrenceville | A | Stable | ||||
| Lee & DeKalb Cnty Comnty Unit Sch Dist #271 | A- | Stable | ||||
| Lee & Ogle Cnties Comnty Unit Sch Dist #275 Ashton-Franklin Center | A+ | Stable | ||||
| Livingston & LaSalle Counties Comnty Unit Sch Dist No. 5 (Woodland) | A+ | Stable | ||||
| Logan and DeWitt Counties Comnty Consolidated Sch Dist #61 Chester-East Lincoln | A | Stable | ||||
| Logan Cnty Sch Dist #27 Lincoln | A+ | Stable | ||||
| Logan Sangamon Cntys etc Comnty Unit Sch Dist #23 | A+ | Stable | ||||
| Macon & Christian Counties Comnty Unit Sch Dist No. 15 Meridian | A+ | Stable | ||||
| Macon & DeWitt Cntys Comnty Unit Sch Dist #1 Argenta-Oreana | A+ | Stable | ||||
| Macon & Dewitt Cntys Comnty Unit Sch Dist #2 (Maroa-Forsyth) | A+ | Stable | ||||
| Macon & Logan Cntys Comnty Unit Sch Dist #11 Warrensburg-Latham | A | Stable | ||||
| Macoupin Cnty Comnty Unit Sch Dist #1 Carlinville | A+ | Stable | ||||
| Macoupin Cnty Comnty Unit Sch Dist #7 Gillespie | A+ | Stable | ||||
| Macoupin Jersey & Greene Counties Comnty Unit Sch Dist #9 | A+ | Stable | ||||
| Macoupin, Sangamon & Montgomery Counties Comnty Unit Sch Dist Number 34 | A+ | Stable | ||||
| Madison & Jersey Cnty Cmnty Unit Sch Dist # 11 Alton | BBB+ | Stable | ||||
| Madison Bond & Montgomery Counties Comnty Unit Sch Dist Number 5 (Highland) | A | Stable | ||||
| Madison Cnty Comnty Unit Sch Dist #1 Roxana | AA- | Stable | ||||
| Madison Cnty Comnty Unit Sch Dist #12 | A- | Stable | ||||
| Madison Cnty Comnty Unit Sch Dist #2 Triad | A | Stable | ||||
| Madison Cnty Comnty Unit Sch Dist #7 Edwardsville | BBB | Stable | ||||
| Madison Cnty Comnty Unit Sch Dist #8 Bethalto | A | Stable | ||||
| Madison Cnty Comnty Unit Sch Dist #9 (Granite City) | A | Stable | ||||
| Madison Cnty Sch Dist #15 Wood River-Hartford | A | Stable | ||||
| Marion Cnty Comnty Cons Sch Dist #10 Selmaville | A+ | Stable | ||||
| Marion Cnty Sch Dist No 111 Salem | A+ | Stable | ||||
| Marion Fayette & Clay Cntys Comnty Unit Sch Dist #401 (South Central) | A | Stable | ||||
| Marion Fayette & Clinton Cntys Comnty Unit Sch Dist #100 (Patoka) | A+ | Stable | ||||
| Marion, Clinton, Washington and Jefferson Counties Sch Dist Number 135 (Centralia City) | A | Stable | ||||
| Mason & Tazewell Cntys Comnty Unit Sch Dist #191 | A+ | Stable | ||||
| Mason Cnty Comnty Unit Sch Dist Number 126 (Havana) | A | Stable | ||||
| McDonough Cnty Comnty Unit Sch Dist #185 Macomb | AA- | Stable | ||||
| McDonough, Hancock & Henderson Cntys Comnty Unit Sch Dist #103 (West Prairie) | A+ | Stable | ||||
| McHenry & Lake Cntys Comnty Cons Sch Dist #26 Cary | AA | Stable | ||||
| McHenry & Lake Cntys Comnty High Sch Dist #155 | AA+ | Stable | ||||
| McHenry Cnty Comnty Cons Sch Dist #19 (Alden-Hebron) | A | Stable | ||||
| McHenry Cnty Comnty Unit Sch Dist #12 | BBB- | Stable | ||||
| McHenry Cnty Comnty Unit Sch Dist #200 Woodstock | AA | Stable | ||||
| McHenry Cnty Consolidated Sch Dist #3 (Fox River Grove) | AA | Stable | ||||
| McHenry Cnty Elem Cons Sch Dist #165 Marengo-Union | AA- | Stable | ||||
| McLean & DeWitt Cnties Comnty Unit Sch Dist #2 (LeRoy) | A+ | Stable | ||||
| McLean & DeWitt Cnties Comnty Unit Sch Dist #4 | A+ | Stable | ||||
| McLean & Woodford Counties Comnty Sch Dist #5 Normal | AA | Stable | ||||
| McLean Cnty Comnty Unit Sch Dist #19 | A+ | Stable | ||||
| McLean Cnty Comnty Unit Sch Dist #3 | AA | Stable | ||||
| McLean Cnty Comnty Unit Sch Dist #7 (Lexington) | A+ | Stable | ||||
| McLean Woodford Etc Cntys Comnty Unit Sch Dist #16 | A+ | Stable | ||||
| Menard Cass & Sangamon Cntys Comnty Unit Sch Dist #202 Porta | A | Stable | ||||
| Menard Sangamon & Logan Counties Comnty Unit Sch Dist #213 Athens | A+ | Stable | ||||
| Mendota Township High Sch Dist #280 | A+ | Stable | ||||
| Mercer & Rock Island Cntys Comnty Unit Sch Dist #200 | AA- | Stable | ||||
| Meredosia-Chambersburg Comnty Unit Sch Dist Number 11 | A | Stable | ||||
| Montgomery & Bond Counties Comnty Unit Sch Dist #3 Hillsboro | A | Stable | ||||
| Montgomery Christian & Macoupin Cntys Cmnty Sch Dist #2 | A+ | Stable | ||||
| Morgan and Greene Counties Sch Dist Number 117 (Jacksonville) | A+ | Stable | ||||
| Morgan Sangamon & Macoupin Cntys Comnty Unit Sch Dist #6 Waverly | A+ | Stable | ||||
| Morgan, Greene and Macoupin Counties Comnty Unit Sch Dist No. 1 | A+ | Stable | ||||
| New Athens Comnty Unit Sch Dist #60 | A | Stable | ||||
| New Trier Twp High Sch Dist #203 | AAA | Stable | ||||
| Nokomis Comnty Unit Sch Dist #22 | A | Stable | ||||
| Ogle Cnty Comnty Unit Sch Dist #220 | A+ | Stable | ||||
| Ogle Cnty Comnty Unit Sch Dist #226 Byron | A+ | Stable | ||||
| Peoria & Marshall Cntys Comnty Unit Sch Dist #326 (Princeville) | A+ | Stable | ||||
| Peoria City Sch Dist #150 | A | Stable | ||||
| Peoria Cnty Comnty Unit Sch Dist #309 Brimfield | AA- | Stable | ||||
| Peoria Cnty Comnty Unit Sch Dist #323 Dunlap | AA | Stable | ||||
| Peoria Cnty Comnty Unit Sch Dist #325 Peoria Hgts | A+ | Stable | ||||
| Peoria Cnty Sch Dist # 68 (Oak Grove) | A+ | Stable | ||||
| Peoria-Marshall Cnties Comnty Unit Sch Dist #321 (Chillicothe-Illinois Vy Cent) | AA- | Stable | ||||
| Perry & Jackson Cnties Comnty Unit Sch Dist #300 (DuQuoin) | A | Stable | ||||
| Perry & Washington Cntys Comnty High Sch Dist #101 (Pinckneyville) | A | Stable | ||||
| Piatt & Champaign Cnties Comnty Unit Sch Dist #5 (Bement) | A | Stable | ||||
| Piatt & DeWitt Counties Comnty Unit Sch Dist #57 DeLand-Weldon | A+ | Stable | ||||
| Piatt Macon & Moultrie Cntys Comnty Unit Sch Dist #100 | A+ | Stable | ||||
| Pike & Calhoun Cnties Comnty Unit Sch Dist #3 (Pleasant Hill) | A- | Stable | ||||
| Pike & Calhoun Cntys Comnty Unit Sch Dist #10 Pikeland | A+ | Stable | ||||
| Pulaski and Alexander Cntys Comnty Unit Sch Dist 101 Meridian | A | Stable | ||||
| Pulaski Massac Alexander and Johnson Counties Comnty Unit Sch Dist #100 (Century) | A | Stable | ||||
| Randolph & Perry Counties Comnty Unit Sch Dist #1 (Coulterville) | A | Stable | ||||
| Randolph Cnty Comnty Unit Sch Dist #138 (Steeleville) | A | Stable | ||||
| Randolph Cnty Comnty Unit Sch Dist #139 Chester | A | Stable | ||||
| Randolph Cnty Comnty Unit Sch Dist #140 (Sparta) | A | Stable | ||||
| Red Bud Comnty Unit Sch Dist #132 | A+ | Stable | ||||
| Richland Cnty Comnty Unit Sch Dist #1 | A+ | Stable | ||||
| Rock Island & Mercer Cntys Comnty Unit Sch Dist #300 | A+ | Stable | ||||
| Rock Island Cnty Sch Dist #34 (Silvis) | AA- | Stable | ||||
| Rock Island Cnty Sch Dist #37 (East Moline) | A | Stable | ||||
| Rockford Sch Dist Number 205 | A+ | Stable | ||||
| Saline Cnty Comnty Unit Sch Dist #3 | A- | Stable | ||||
| Salt Fork Comnty Unit Sch Dist #512 | A+ | Stable | ||||
| Sangamon and Montgomery Cnty Comnty Unit Sch Dist #10 Auburn | A+ | Stable | ||||
| Sangamon Cnty Comnty Unit Sch Dist #1 Tri-City | A+ | Stable | ||||
| Sangamon Cnty Comnty Unit Sch Dist #5-Ball Chatham | AA | Stable | ||||
| Sangamon Cnty Sch Dist #186 (Springfield) | A | Stable | ||||
| Sangamon Menard Morgan Cnty Comnty Unit Sch Dist #8 Pleasant Plains | AA | Stable | ||||
| Schuyler McDonough & Fulton Cnties Comnty Unit Sch Dist #5 (Schuyler-Industry) | A | Stable | ||||
| Scott and Morgan Counties Comnty Unit Sch Dist #2 (Scott-Morgan) | A | Stable | ||||
| Scott, Morgan and Greene Counties Comnty Unit Sch Dist Number 1 (Winchester) | A- | Stable | ||||
| Shelby & Effingham Cntys Comnty Unit Sch Dist #5A | A+ | Stable | ||||
| Shelby, Christian & Macon Counties Comnty Unit Sch Dist No. 21 (Central A&M) | A+ | Stable | ||||
| St Clair Cnty Comnty Consolidated Sch Dist #70 Freeburg | A+ | Stable | ||||
| St Clair Cnty Comnty Consolidated Sch Dist #90 O'Fallon | A | Stable | ||||
| St Clair Cnty Comnty Unit Sch Dist #187 Cahokia | A- | Stable | ||||
| St Clair Cnty Sch Dist #118-Belleville | A | Stable | ||||
| St Clair Cnty Sch Dist #181-Signal Hill | A+ | Stable | ||||
| St Clair Cnty Sch Dist #85 Shiloh Vill | A+ | Stable | ||||
| St Clair Cnty Twp High Sch Dist #201 Belleville | A- | Stable | ||||
| St. Clair & Washington Cntys Comnty High Sch Dist #77 (Freeburg) | A+ | Stable | ||||
| St. Clair Cnty Comnty Cons Sch Dist #160 Millstadt | A- | Stable | ||||
| St. Clair Cnty Comnty Consolidated Sch Dist #130 Smithton | AA- | Stable | ||||
| St. Clair Cnty Comnty Unit Sch Dist #19 Mascoutah | A+ | Stable | ||||
| St. Clair Cnty Comnty Unit Sch Dist #196 Dupo | A | Stable | ||||
| St. Clair Cnty Comnty Unit Sch Dist #9 Lebanon | A- | Stable | ||||
| St. Clair Cnty Sch Dist #119 Belle Vy | A+ | Stable | ||||
| St. Clair Cnty Sch Dist #113 Wolf Branch | A- | Stable | ||||
| St. Clair Cnty Sch Dist #175 Harmony Emge | A+ | Stable | ||||
| St. Clair Cnty Township High Sch Dist #203 O'Fallon | A+ | Stable | ||||
| Stephenson & JoDaviess Cntys Comnty Un Sch Dist #202 | A+ | Stable | ||||
| Stephenson Carroll et al Cntys Comnty Unit Sch Dist #200 | A | Stable | ||||
| Stephenson Cnty Comnty Unit Sch Dist #201 | A+ | Stable | ||||
| Stephenson Cnty Comnty Unit Sch Dist #203 | A | Stable | ||||
| Stephenson Cnty Sch Dist #145 Freeport | A+ | Stable | ||||
| Streator Township High Sch Dist No. 40 | A+ | Stable | ||||
| Taylorville Comnty Unit Sch Dist Number 3 Christian Cnty | A+ | Stable | ||||
| Tazewell & Logan Cnties Comnty Unit Sch Dist #703 (Delavan) | A+ | Stable | ||||
| Tazewell & Woodford Counties Comnty Unit Sch Dist #701 Deer Creek Mackinaw | A+ | Stable | ||||
| Tazewell Cnty Comnty High Sch Dist #308 | AA | Stable | ||||
| Tazewell Cnty Comnty High Sch Dist #309 East Peoria | AA- | Stable | ||||
| Tazewell Cnty Sch Dist #102 North Pekin | A+ | Stable | ||||
| Tazewell Cnty Sch Dist #108 Pekin | A | Stable | ||||
| Tazewell Cnty Sch Dist #137 (South Pekin) | A | Stable | ||||
| Tazewell Cnty Sch Dist #50 | AA- | Stable | ||||
| Tazewell Cnty Sch Dist #51 | AA- | Stable | ||||
| Tazewell Cnty Sch Dist #52 | A+ | Stable | ||||
| Tazewell Cnty Sch Dist #52 | A+ | Stable | ||||
| Tazewell Cnty Sch Dist #98 Rankin | A | Stable | ||||
| Township High Sch Dist #227 Cook Cnty | AA- | Stable | ||||
| Union & Jackson Counties Sch Dist #17 Cobden | A+ | Stable | ||||
| Vermilion & Edgar Cntys Comnty Unit Sch Dist #4 | A | Stable | ||||
| Vermilion Cnty Comnty Cons Sch Dist #118 Danville | A+ | Stable | ||||
| Vermilion Cnty Comnty Unit Sch Dist #1 Bismarck-Henning | A+ | Stable | ||||
| Vermilion Cnty Comnty Unit Sch Dist #2 | A | Stable | ||||
| Vermilion Cnty Comnty Unit Sch Dist Number 7 (Rossville-Alvin) | A+ | Stable | ||||
| Wallace Comnty Consolidated Sch Dist #195 Lasalle Cnty | A+ | Stable | ||||
| Warren Cnty Comnty Unit Sch Dist #238 (Monmouth-Roseville) | A | Stable | ||||
| Washington Cnty Comnty Unit Sch Dist No.10 (West Washington) | A+ | Stable | ||||
| Wayne Cnty Sch Dist No. 112 (Fairfield) | A+ | Stable | ||||
| Wayne Hamilton & Jefferson Counties Comnty Unit Sch Dist Number 100 (Wayne City) | A | Stable | ||||
| Whiteside & Lee Cntys Twp High Sch Dist #301 Rock Falls | A+ | Stable | ||||
| Whiteside Cnty Comnty Unit Sch Dist #2 (River Bend) | A+ | Stable | ||||
| Whiteside Cnty Comnty Unit Sch Dist #6 | AA- | Stable | ||||
| Wilco Area Career Ctr | AA | Stable | ||||
| Will & Cook Counties Comnty Consolidated Sch Dist No. 157-C (Frankfort) | AAA | Stable | ||||
| Will & Kendall Cntys Comnty Cons Sch Dist #202 Plainfield | AA- | Stable | ||||
| Will Cnty Comnty Cons Sch Dist #33-C (Homer) | AA | Stable | ||||
| Will Cnty Comnty Unit Sch Dist #200-U Beecher | AA- | Stable | ||||
| Will Cnty Comnty Unit Sch Dist #201-U Crete-Monee | A | Negative | ||||
| Will Cnty Comnty Unit Sch Dist #365-U Valley View | AA- | Stable | ||||
| Will Cnty Sch Dist #114 Manhattan | A | Stable | ||||
| Will Cnty Sch Dist #81 Union | A | Stable | ||||
| Will Cnty Sch Dist #86 Joliet | A+ | Stable | ||||
| Will Cnty Sch Dist #88 Chaney-Monge | A+ | Stable | ||||
| Will Cnty Sch Dist #89 Fairmont | A+ | Stable | ||||
| Will Cnty Sch Dist #90 Taft | AA- | Stable | ||||
| Will Cnty Township High Sch Dist #204-Joliet | AA | Stable | ||||
| Will Cnty Township High Sch Dist No. 205 (Lockport) | AA | Stable | ||||
| Williamson & Johnson Cnties Comnty Unit Sch Dist #2 (Marion) | A- | Stable | ||||
| Williamson Cnty Comnty Unit Sch Dist #1 (Johnston City) | A+ | Stable | ||||
| Williamson Cnty Comnty Unit Sch Dist #5 Carterville | A+ | Stable | ||||
| Williamson Jackson & Franklin Cnties Comnty Unit Sch Dist #4 Herrin | A- | Stable | ||||
| Winnebago & Stephenson Cnties Comnty Unit Sch Dist #323 | A+ | Stable | ||||
| Winnebago and Boone Counties Comnty High Sch Dist #207 Hononegah | AA- | Stable | ||||
| Winnebago Cnty Comnty Cons Sch Dist #133 (Prairie Hill) | A+ | Stable | ||||
| Woodford & Marshall Counties Comnty Unit Sch Dist #21 (Lowpoint-Washburn) | A | Stable | ||||
| Woodford Cnty Comnty Cons Sch Dist #1 Metamora | A+ | Stable | ||||
| Woodford Cnty Comnty Unit Sch Dist Number 60 (Roanoke-Benson) | A+ | Stable | ||||
| Woodford LaSalle Livingston and Marshall Counties Comnty Unit Sch Dist #6 (Fieldcrest) | A- | Stable | ||||
| Woodford McLean and Livingston Counties Comnty Unit Sch Dist #11 El Paso Gridley | A+ | Stable | ||||
This report does not constitute a rating action.
| Primary Credit Analyst: | David H Smith, Chicago + 1 (312) 233 7029; david.smith@spglobal.com |
| Secondary Contacts: | Helen Samuelson, Chicago + 1 (312) 233 7011; helen.samuelson@spglobal.com |
| Jane H Ridley, Centennial + 1 (303) 721 4487; jane.ridley@spglobal.com | |
| Blake E Yocom, Chicago + 1 (312) 233 7056; blake.yocom@spglobal.com |
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