Standard&Poor's Ratings Services assigned its 'AA-' rating and stable outlook to Oak Park, Ill.'s series 2011A general obligation (GO) corporate purpose bonds and 2011B GO corporate purpose refunding bonds. We also affirmed the 'AA-' rating on the village's prior GO debt. The rating reflects our view of the village's: Participation in the deep and diverse Chicago metropolitan area economy; Very strong wealth and income levels; and Moderate overall debt burden. The village's weakened, although improving, unreserved fund balance and weak general fund liquidity temper these strengths, in our opinion. The bonds are general obligations of the village, and are backed by unlimited ad valorem taxes. The village will use 2011A bond proceeds for various capital improvements, and proceeds
