The 'AAA' standard long-term rating on Naperville, Ill.'s series 2009 general obligation (GO) bonds reflects the city's: Participation in the deep and diverse Chicago, Ill. metropolitan statistical area (MSA) economy; Large, well-diversified tax base that features a substantial corporate presence; Very strong income levels as measured by per capita and median household effective buying income; Very strong financial position with strong managerial practices; and Low overall net debt burden as a percent of market value. The city will use approximately $40 million of bond proceeds to finance various improvement projects from its capital plan and the remainder to refund its outstanding series 1998A bonds for interest cost savings. Located 30 miles west of Chicago in DuPage County, Naperville is a
