Sterling Park District, Whiteside County, Illinois
CUSIP 859349ER9
- Issue Currency: United States of America Dollars
- Announcement Date: 18-Jun-2018
- News: The Sterling Park District, Whiteside County, 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 June 14 2018, S&P Global Ratings raised its ratings on the Districts outstanding general obligation debt to BBB from BBB-. The outlook is stable. 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no assurance that a rating when assigned will continue for any given period of time or that it will not be lowered or withdrawn entirely by a rating agency if, in its judgment, circumstances so warrant.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.