School District Number 170


CUSIP 215381JD7
  • Issue Currency: United States of America Dollars
  • Announcement Date: 14-Jun-2018
  • News: School District Number 170, Cook County, Illinois (the District), pursuant to issuing its Taxable General Obligation Limited Tax Funding Bonds (QSCB-Direct Payment), Series 2017C; General Obligation Limited Tax Funding Bonds, Series 2017D (collectively, the Bonds), entered into one or more undertakings (the Undertakings) 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 Undertakings is a change in the Districts bond rating. In accordance with the Undertakings, 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 (Stable) on June 6, 2018. Any explanation of the significance of such rating can only be obtained from S&P.
CUSIP 523354HP6
  • Issue Currency: United States of America Dollars
  • Announcement Date: 29-Mar-2019
  • News: School District Number 170, Lee and Ogle Counties, Illinois (the District) has entered into one or more undertakings (the Undertakings) to file notice of certain material/reportable events with respect to such securities associated with the CUSIP number(s) referenced above (the Securities) as required by Rule 15c2-12 of the Securities Exchange Act of 1934. Among the material/reportable events for which notice is required by the Undertakings is a change in the rating on the Securities. On March 28, 2019, Moodys Investors Service downgraded the Districts outstanding general obligation unlimited tax bonds to A2 from A1 and removed the negative outlook. A rating reflects only the view of the rating agency assigning that rating, and any explanation of the meaning or significance of a rating may be obtained from that rating agency. There can be no assurance that a rating when assigned will continue for any given period of time or that it will not be lowered or withdrawn entirely by a rating agency if, in its judgment, circumstances so warrant. Any lowering or withdrawal of a rating may have an adverse effect on the marketability or market price of the affected bonds.
CUSIP 523354HR2
  • Issue Currency: United States of America Dollars
  • Announcement Date: 29-Mar-2019
  • News: School District Number 170, Lee and Ogle Counties, Illinois (the District) has entered into one or more undertakings (the Undertakings) to file notice of certain material/reportable events with respect to such securities associated with the CUSIP number(s) referenced above (the Securities) as required by Rule 15c2-12 of the Securities Exchange Act of 1934. Among the material/reportable events for which notice is required by the Undertakings is a change in the rating on the Securities. On March 28, 2019, Moodys Investors Service downgraded the Districts outstanding general obligation unlimited tax bonds to A2 from A1 and removed the negative outlook. A rating reflects only the view of the rating agency assigning that rating, and any explanation of the meaning or significance of a rating may be obtained from that rating agency. There can be no assurance that a rating when assigned will continue for any given period of time or that it will not be lowered or withdrawn entirely by a rating agency if, in its judgment, circumstances so warrant. Any lowering or withdrawal of a rating may have an adverse effect on the marketability or market price of the affected bonds.



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