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Summary: Plano, Illinois; General Obligation Jun 11 Product Image

Summary: Plano, Illinois; General Obligation Jun 11

  • Published: June 2011
  • Region: Illinois
  • Standard & Poors

Abstract
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: Affirmed
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 READ MORE >

Plano

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