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Summary: Addison Vill, IL; Tax Secured, General Obligation Sep 05 Product Image

Summary: Addison Vill, IL; Tax Secured, General Obligation Sep 05

  • ID: 1873345
  • September 2005
  • Standard & Poors

Abstract
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. The village is home to various warehouse and distribution facilities, including United Parcel Service of America Inc. (employing 2,700) and Pampered Chef Ltd. (950); according to the 2000 U.S. Census,...

Companies mentioned in this report are: Addison Vill
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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