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Summary: Evergreen Park Village, Illinois; General Obligation Jan 10
Standard & Poors, January 2010
Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to the village of Evergreen Park, Ill.'s series 2010 general obligation (GO) bonds. As a home-rule community, Evergreen Park is not subject to property tax caps and has access to a wide variety of revenue sources. The village's diverse revenues include property taxes, accounting for 28% of general fund revenues, and state sales tax collections generating another 20%. The village has the ability to levy home-rule sales, utility, and telecommunications taxes and currently is imposing a home-rule sales and telecommunication tax. These taxes generate millions of dollars in revenues for the village. Additional factors that support the credit rating include the village's: Participation in the Chicago metropolitan...
Companies mentioned in this report are:
- Evergreen Pk 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.
- Evergreen Pk Vill