Summary: Naperville, Illinois; General Obligation - S&P Global Ratings’ Credit Research

Summary: Naperville, Illinois; General Obligation

Summary: Naperville, Illinois; General Obligation - S&P Global Ratings’ Credit Research
Summary: Naperville, Illinois; General Obligation
Published Feb 26, 2008
996 words — Published Feb 26, 2008
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Abstract:

The 'AAA' rating on Naperville, Ill.'s series 2008 general obligation (GO) bonds reflects the city's: Participation in the deep and diverse Chicago, Ill. MSA economy; Large, well-diversified tax base that features a substantial corporate presence; High wealth and income levels; Strong financial operations with strong reserves; and Moderate debt burden. The city will use bond proceeds to finance improvements to the city's electric system and other capital projects. Located 30 miles west of Chicago in DuPage County, Naperville is a rapidly growing community with a strong corporate presence. The city's population is currently estimated by the U.S. Census Bureau at 142,901 after having increased 66% during the 1990s after doubling in the previous decade, making it the fourth-largest city in

  
Brief Excerpt:

RESEARCH Summary: Naperville, Illinois; General Obligation Publication date: 26-Feb-2008 Primary Credit Analyst: John Kenward, Chicago (1) 312-233-7003; john_kenward@standardandpoors.com Secondary Credit Analyst: Steffanie Dyer, Chicago...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Naperville, Illinois; General Obligation" Feb 26, 2008. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Naperville-Illinois-General-Obligation-632690>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Naperville, Illinois; General Obligation Feb 26, 2008. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Naperville-Illinois-General-Obligation-632690>
  
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