S&P Global Ratings assigned its ?AA? long-term rating to the Village of Oak Park , Ill.?s $22.03 million series 2026 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. Proceeds of the bonds will refund debt for interest cost savings. The rating reflects our view of the village?s local economy situated in the broad and diverse Chicago metropolitan area with incomes that are significantly stronger than those of Cook County. We expect that, with economic development efforts underway and further development plans, the village will be able to maintain
