Community High School District Number 307

• Issue Currency: United States of America Dollars
• Announcement Date: 19-Jun-2018
• News: Community High School District Number 307, Kankakee County, Illinois (the District), pursuant to issuing its Taxable General Obligation Limited School Bonds, Series 2009A (Build America Bonds Direct Payment to Issuer) and Taxable General Obligation Limited School Bonds, Series 2009B (Recovery Zone Economic Development Bonds Direct Payment to Issuer) (collectively, the Bonds), entered into an undertaking (the Undertaking) to file notice of certain material events with respect to such securities as required by Rule 15c2-12 of the Securities Exchange Act of 1934. Among the material events for which notice is required by the Undertaking is a change in the Districts bond rating. In accordance with the Undertaking, notice is hereby given to owners of the Bonds that Standard & Poors Ratings Services (S&P) upgraded the underlying credit rating of the Bonds from A to A+ on June 7, 2018. Any explanation of the significance of such rating can only be obtained from S&P.