S&P Global Ratings assigned its 'AAA' long-term rating to the City of Naperville, Ill.'s series 2017 general obligation (GO) bonds. At the same time, we affirmed our 'AAA' long-term rating on the city's existing GO debt. The outlook is stable. The series 2017 bonds are secured by the city's unlimited tax GO pledge. Proceeds from the bonds will be used for capital improvements within the city. The rating reflects the following credit characteristics of the city: Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA); Very strong management, with "strong" financial policies and practices under our financial management assessment (FMA) methodology; Adequate budgetary performance, with operating results that we expect could improve in the near
