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Addison Village, Ill.'s Bonds Raised to'AA' From 'AA-'; Outlk Stable Dec 00
Standard & Poors, Dec 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 1, 2000--Standard & Poor's today raised its rating on Addison Village, Ill.'s $19.76 million GO bonds to double-'A' from double-'A'-minus The outlook is stable. The rating upgrade reflects: -- Continued tax base growth, -- Solid financial performance, and -- Good revenue raising flexibility. The double-'A' rating reflects: -- The city's easy access to Chicago and the deep and diverse regional employment base via an extensive area transportation network; -- Strong financial performance, consistently maintaining sound reserves; and -- Moderate debt with manageable capital needs. Addison, with a population of 33,180, is located in DuPage County, 15 miles west of O'Hare International Airport. The village is home to various warehouse and distribution facilities and...
Companies mentioned in this report are: Addison Vill
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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