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 Mar 05, 2010
Published Mar 05, 2010
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Naperville, Ill.'s series 2010A-D general obligation (GO) bonds. We also affirmed our 'AAA' rating on the city's GO debt outstanding. The rating reflects our assessment of the city's: Participation in the deep and diverse Chicago, Ill. metropolitan area economy; Large, well-diversified tax base that features a substantial corporate presence; Very strong income levels; Very strong financial position with strong managerial practices; and Low overall debt burden. The series 2010 bonds are general obligations of the city payable from unlimited ad valorem taxes. Naperville will use bond proceeds to finance various capital projects and refund prior debt. It plans to issue the 2010A bonds as taxable Recovery Zone Economic

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Naperville, Illinois; General Obligation" Mar 05, 2010. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Naperville-Illinois-General-Obligation-779907>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Naperville, Illinois; General Obligation Mar 05, 2010. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Naperville-Illinois-General-Obligation-779907>
  
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