The 'AA' rating on Oak Park Village, Ill.'s GO bonds reflects the village's: Access to, and participation in, the Chicago, Ill. MSA, augmented by a strong local economy with a variety of employment opportunities and a diverse tax base; Above-average income levels; Strong financial position with good fund balances providing additional liquidity; and Manageable debt burden with rapid amortization of direct debt. Oak Park Village is eight miles west of downtown Chicago and is the first suburb directly west of the city. Metra commuter trains and the Chicago Transit Authority elevated trains serve the home-rule community of Oak Park; the village is one of a very few Chicago suburbs with access to both train services. Given the village's fully developed
