| Title: | Darien Park District, IL Bond Rating Raised To 'AA'; Very Strong Wealth And Income Level Cited |
| Price: | $100.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | News |
| Abstract: | CHICAGO (Standard&Poor's) May 5, 2008--Standard&Poor's Ratings Services has raised its rating on Darien Park District, Ill.'s general obligation (GO) bonds to 'AA' from 'A+', reflecting the district's very strong wealth and income levels and maintenance of positive financial operations with strong reserves. At the same time, the rating service assigned its 'AA-' rating to the district's series 2008A GO refunding debt certificates, which reflects the 'AA' rating on the district's GO bonds and the limited nature of the certificates' security. The district's pledge to pay debt service from any legally available monies secures the certificates. Additional credit factors are the district's participation in the deep and diverse Chicago metropolitan area economy; expenditure flexibility in its program |
| Brief Excerpt: | RESEARCH Ratings Definitions Darien Park District, IL Bond Rating Raised To '##'; Very Strong Wealth And Income Level Cited Publication date: ##-May-#### Primary Credit Analyst: John Kenward, Chicago (#) ###-###-####; john_kenward@standardandpoors.com... |
| Word Count: | 591 |
| Issuer: | Darien Pk Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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