|
|
 |
|
Viewing report
|
|
|
|
Addison Village, IL GO Bond Rating Raised To 'AA+'; Good Managerial Practices Cited Jun 08
Standard & Poors, June 2008
Abstract
CHICAGO (Standard & Poor's) June 2, 2008--Standard & Poor's Ratings Services has raised its standard long-term rating and underlying rating (SPUR) on Addison Village, Ill.'s general obligation (GO) bonds to 'AA+' from 'AA', based on good managerial practices that have helped the village maintain very strong financial reserves. The outlook is stable. At the same time, the rating service assigned its 'AA+' rating to the village's $6.74 million series 2008 GO corporate purpose refunding bonds. The rating reflects participation in the deep and diverse Chicago, Ill. metropolitan area economy; a diverse and growing local tax base; strong income indicators as measured by median household effective buying income; and moderate debt burden. 'We expect that the village will maintain its strong...
Companies mentioned in this report are: Addison Vill
Action: New Rating
Action: Outlook: Stable
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.
|
|
|
|
