Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Oak Park, Ill.'s series 2015A general obligation (GO) corporate purpose refunding bonds. We also affirmed our 'AA' rating the village's outstanding GO debt. The outlook is stable. The series 2015A bonds are secured by unlimited ad valorem property taxes. The village will use bond proceeds to refund prior debt for savings. The rating reflects our view of the village's: Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA); Strong management, with "good" financial policies and practices under our Financial Management Assessment methodology; Adequate budgetary performance, with operating results that we expect could improve in the near term relative to fiscal 2014, which closed with
