Standard&Poor's Ratings Services assigned its 'AA' long-term rating (SPUR) to Oak Park Village, Ill.'s series 2016A general obligation (GO) corporate purpose refunding bonds, series 2016B taxable GO corporate purpose bonds, and series 2016C taxable GO corporate purpose bonds. At the same time, Standard&Poor's affirmed its 'AA' rating on the village's existing GO debt. The outlook is stable. The series 2016A, B and C GO bonds are secured by unlimited ad valorem property taxes. The village will use the series 2016A bond proceeds to currently refund remaining maturities on the village's series 2006B bonds and to defease a portion of the November 2016 maturity. The series 2016B and C bonds will be used for capital improvements in
