School Town of Munster, IL Bond Rating Raised To 'BB+' On Improved Liquidity Position

CHICAGO (S&P Global Ratings) March 23, 2020--S&P Global Ratings raised its underlying rating by one notch to 'BB+' from 'BB' on bonds issued by and on behalf of the School Town of Munster (the district), Ill. At the same time, we affirmed our 'AA+' long-term rating on the district's outstanding debt. The outlook on the underlying rating is positive and the outlook on the long-term rating is stable.
"The raised rating and positive outlook reflect our view of the district's significantly improved liquidity position, increased available cash balance that is now in a positive position, and consistently positive operating results in recent years," said S&P Global Ratings credit analyst Taylor Budrow.
The primarily residential district encompasses approximately 8 square miles in northwest Indiana's Lake County, where it is located 15 southeast of Chicago.
We work across the world

From London to San Francisco, to our home base in (Saint Helier) Jersey, we’re looking for extraordinary and creative scientists to help us drive the field forward.

AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. If AC Invest’s business model were to change and it begins routing non-directed orders in NMS securities, it will comply with the disclosure requirement of Rule 606.

77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000 pr@ademcetinkaya.com