Summary: Naperville, IL; Utility, Water/Sewer - S&P Global Ratings’ Credit Research

Summary: Naperville, IL; Utility, Water/Sewer

Summary: Naperville, IL; Utility, Water/Sewer - S&P Global Ratings’ Credit Research
Summary: Naperville, IL; Utility, Water/Sewer
Published Feb 16, 2005
834 words — Published Feb 16, 2005
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Abstract:

The 'AAA' rating on Naperville, Ill.'s waterworks and sewerage revenue refunding bonds reflects the system's: Strong service area economy exhibiting very high wealth and income levels, Strong financial operations with high levels of coverage, Competitive rates, Strong legal provisions, and Low debt burden with modest future debt needs. Net revenues of Naperville's combined waterworks and sewerage system secure the bonds. Naperville ('AAA' GO debt rating), in DuPage County, about 30 miles west of Chicago, Ill., is a rapidly growing community with a strong corporate presence. The city purchases water from the DuPage Water Commission, which, in turn, buys Lake Michigan water from Chicago. The city treats its own wastewater at the city-owned Springbrook Water Reclamation Center plant, which has a

  
Brief Excerpt:

RESEARCH Summary: Naperville, IL; Utility, Water/Sewer Publication date: 16-Feb-2005 Credit Profile AFFIRMED $11.955 mil. Naperville IL wtr and swr rev bnds ### OUTLOOK: STABLE Rationale The '###' rating on Naperville, Ill.'s waterworks...

  
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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Naperville, IL; Utility, Water/Sewer" Feb 16, 2005. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Naperville-IL-Utility-Water-Sewer-423610>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Naperville, IL; Utility, Water/Sewer Feb 16, 2005. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Naperville-IL-Utility-Water-Sewer-423610>
  
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