| Title: | Summary: Olympia Fields Village, Illinois; General Obligation |
| Price: | $175.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Summary |
| Abstract: | The standard long-term rating and Standard&Poor's underlying rating (SPUR) on Olympia Fields Village, Ill.'s, general obligation (GO) refunding and alternate revenue bonds has been raised to 'AAA' from 'AA', reflecting maintenance of strong financial reserves and very strong wealth and income indicators. The village's series 2008 alternative revenue source GO bonds have been rated 'AAA', reflecting the village's pledge to pay debt service from revenues generated by the village's distribution of the state income tax. In the event these revenues are insufficient, the village's unlimited ad valorem tax pledge also backs the bonds. The village will ensure it has funds on hand and budgeted for the debt service from the alternate revenue sources before abatement of the unlimited |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Olympia Fields Village, Illinois; General Obligation Publication date: ##-May-#### Primary Credit Analyst: Kathryn Horan, Chicago (#) ###-###-####; kathryn_horan@standardandpoors.com Secondary... |
| Word Count: | 1313 |
| Issuer: | Olympia Fields Vill |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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