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 Sep 22, 2010
Published Sep 22, 2010
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Abstract:

Standard&Poor's Ratings Services assigned its 'AA-' rating and stable outlook to Oak Park Village, Ill.'s series 2010A general obligation (GO) refunding bonds. 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 adequate, unreserved fund balances 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 bond proceeds to refund prior debt. Oak Park Village is eight miles west of downtown Chicago. Metra commuter trains and Chicago Transit Authority elevated trains serve the village. The village, a built-out suburb,

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Oak Park Village, Illinois; General Obligation" Sep 22, 2010. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Park-Village-Illinois-General-Obligation-821579>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Oak Park Village, Illinois; General Obligation Sep 22, 2010. 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-821579>
  
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