The 'A' rating on Holly Village, Mich.'s series 2006 GO limited-tax bonds reflects the village's: Limited tax base, but with participation in the Oakland, Mich. MSA, with employment opportunities in the Detroit area and Ann Arbor MSAs; Average income and wealth indicators; Adequate financial position; and Moderate overall debt burden. These strengths are tempered by the village's limited revenue raising flexibility caused by operating at its Headlee tax limit. The bonds are secured by the village's limited-tax GO pledge. Holly Village, located in northwest Oakland County ('AAA' GO rating/stable outlook), is home to 6,243; population was up 10% during the 1990s and up slightly during the first half of the 2000s. The 2.5-square-mile village's location within Oakland County, and its
