Joliet Public Schools District 86 Receives Bond Rating Upgrade

S&P Global Ratings upgraded its rating on Joliet Public Schools District 86 existing General Obligation (GO) School Building Bonds and Limited Tax School Bonds to ‘AA-’ from ‘A+.’ The upgrade reflects the school district’s strong financial performance in recent years and robust reserve levels.

The upgrade to 'AA-' reflects S&P Global Ratings view of the district's trend of positive operating results that have enabled the school district to sustain very strong reserves for many years, with reserves peaking at $159 million, or 70% of revenue, at fiscal year-end 2025. While Joliet Public Schools District 86 plans to use reserves to fund capital projects over the next few years, the district expects to maintain a healthy financial position.

"We are very pleased with the upgrade in the District's bond rating, which reflects the strong financial foundation and long-term stability of our organization," said Joliet Public Schools District 86 Assistant Superintendent for Business and Financial Services Dr. Matthew Wilkinson, "This achievement reflects our Board of Inspectors' commitment to sound fiscal governance and the Administration's responsible management of operations and finances.”

“Through Dr. Wilkinson’s leadership, careful planning, and prudent budgeting, we have strengthened the District’s credit profile while continuing to invest in the facilities and programs that benefit our students and community.” Joliet Public Schools District 86 Superintendent Dr. Theresa Rouse added.