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

Summary: Oak Park Village, Illinois; General Obligation

Summary: Oak Park Village, Illinois; General Obligation - S&P Global Ratings’ Credit Research
Summary: Oak Park Village, Illinois; General Obligation
Published Aug 05, 2009
Published Aug 05, 2009
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Abstract:

Standard&Poor's Ratings Services has revised its rating outlook on Oak Park Village, Ill.'s general obligation (GO) debt to stable from negative and affirmed its 'AA-' rating on the debt. The outlook revision reflects management's actions to restore structural balance to the village's parking garage enterprise fund, and village's return, unaudited, to adequate unreserved general fund balances following the parking fund's repayment of roughly half of its interfund loans. We have also revised our Financial Management Assessment (FMA) to "good" from "standard" following the implementation of multiyear capital and financial plans. The rating further reflects our opinion that the village participates in the deep and diverse Chicago metropolitan economy and has moderate overall net debt levels and that residents

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Oak Park Village, Illinois; General Obligation" Aug 05, 2009. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Park-Village-Illinois-General-Obligation-738284>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Oak Park Village, Illinois; General Obligation Aug 05, 2009. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Park-Village-Illinois-General-Obligation-738284>
  
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