S&P Global Ratings assigned its 'AA' rating to Oak Park Village, Ill.'s series 2021 taxable general obligation (GO) corporate purpose refunding bonds. At the same time, we affirmed our 'AA' long-term rating on the village's GO debt outstanding. The outlook is stable. The series 2021 bonds (approximate par amount: $3.035 million) are secured by the village's unlimited-tax GO pledge and are being issued to refund the series 2016B taxable GO corporate purpose bonds for interest cost savings. Oak Park is a mature suburb located just west of Chicago. Based on our view of its very strong operating reserves and liquidity, along with proactive budgetary management, we expect the village will be able to navigate the future challenges the very large
