Summary: Plano, Illinois; General Obligation Jun 11
- ID: 1819401
- 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:
Action: New Rating
Action: Outlook: Stable
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