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

Summary: Oak Park, Illinois; General Obligation

Summary: Oak Park, Illinois; General Obligation - S&P Global Ratings’ Credit Research
Summary: Oak Park, Illinois; General Obligation
Published Sep 04, 2020
8 pages (3345 words) — Published Sep 04, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' rating to Oak Park, Ill.'s anticipated $10.4 million series 2020A general obligation (GO) corporate purpose bonds and $3.94 million series 2020B GO refunding corporate purpose bonds. At the same time, we affirmed our 'AA' long-term ratings on the village's outstanding GO debt. The outlook is stable. The village's unlimited-tax GO pledge secures the bonds, which are being issued to fund road and other capital projects. Officials plan to use the bond proceeds to from the series 2020A bonds to pay for various capital projects, such as street projects and the installation of fiber optic lines through the village. The 2020B bonds will refund outstanding portions of 2011B bonds for interest cost savings. Oak Park

  
Brief Excerpt:

...S&P Global Ratings assigned its '##' rating to Oak Park, Ill.'s anticipated $10.4 million series 2020A general obligation (GO) corporate purpose bonds and $3.94 million series 2020B GO refunding corporate purpose bonds. At the same time, we affirmed our '##' long-term ratings on the village's outstanding GO debt. The outlook is stable. The village's unlimited-tax GO pledge secures the bonds, which are being issued to fund road and other capital projects. Officials plan to use the bond proceeds to from the series 2020A bonds to pay for various capital projects, such as street projects and the installation of fiber optic lines through the village. The 2020B bonds will refund outstanding portions of 2011B bonds for interest cost savings....

  
Report Type:

Summary

Issuer
Oak Park Village
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Oak Park, Illinois; General Obligation" Sep 04, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Park-Illinois-General-Obligation-2508720>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Oak Park, Illinois; General Obligation Sep 04, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Park-Illinois-General-Obligation-2508720>
  
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