S&P Global Ratings assigned its'AA'long-term rating to the Village of Oak Park , Illinois’ $16.7 million series 2026A general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its'AA'long-term rating and underlying rating on the village’s previously issued GO debt. The outlook is stable. The GO bonds are secured by unlimited ad valorem taxes. Oak Park will use proceeds of the bonds to finance streetscape, infrastructure, and capital improvements in the village. The ‘AA’ rating reflects our view of Oak Park’s robust local economy in the Chicago metropolitan area with local incomes that are significantly stronger than those of Cook County. Situated eight miles west of downtown Chicago, the village is an inner-ring suburban
