Carl Sandburg College had a black mark on it’s bond rating recently removed.
Moody’s Investors Service has removed the negative outlook that was issued to Carl Sandburg College’s bond rating call in 2016 – in the midst of the Illinois budget impasse.
Sandburg’s As3 rating – meaning the college’s credit is considered high quality and low risk – reflects its large and stable tax base, low debt burden, and sound reserves.
In a statement from the community college, President Dr. Lori Sundberg says “Our college is in a financially strong position, and it was able to weather the state’s financial crises and come through the other side stronger.”
She added that she was proud of the small college for being able to manage a financial challenge without disrupting student life.
