- Published: May 2012
- Region: United States
Summary: Plano, Illinois; General Obligation Jun 11
- Published: June 2011
- Region: Illinois
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating and stable outlook to Plano, Ill.'s series 2011 general obligation alternate revenue source bonds. The rating reflects our view of the city's: Remote access to the greater Chicago metropolitan area's deep and diverse economy; Good income and strong wealth levels; Diverse revenue stream that supports very strong general fund reserves, as measured on a modified accrual basis of accounting. In our opinion, the high debt burden, which we believe could potentially curtail the city's ability to issue future debt to support the community's needs and growth potential, limits the rating. We consider the recent slowdown in economic activity and corresponding reliance on economically sensitive revenue streams and property taxes...
Companies mentioned in this report are: Plano
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >