• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Addison, Illinois; General Obligation Dec 06
Standard & Poors, December 2006
The 'AA' rating on the village of Addison, Ill.'s GO bonds reflects the village's: Participation in the deep and diverse Chicago, Ill. metropolitan area economy; Above-average income levels; Maintenance of a high general fund balance; and Moderate debt burden. Addison is approximately 25 miles west of downtown Chicago in DuPage County. Addison is a steadily growing suburb, maintains a diverse local employment base, and has excellent rail and interstate access to the rest of the Chicago metropolitan area. The village's population grew 12% during the 1990s to 35,914 in 2000 and now has an estimated population of 38,389. The village is home to various warehouse and distribution facilities, including United Parcel Service of America Inc. (employing 2,700) and Pampered Chef...
Companies mentioned in this report are: Addison Vill
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.