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Summary: Wonder Lake, Illinois; Appropriations; General Obligation Nov 11
Standard & Poors, November 2011
Standard & Poor's Ratings Services has assigned its 'A-' long-term rating, and a stable outlook, to Wonder Lake, Ill.'s series 2011 general obligation (GO) limited-tax debt certificates, reflecting the certificates' limited security as general fund obligations. At the same time, Standard & Poor's has assigned its 'A' issuer credit rating (ICR) to the village, reflecting our assessment of Wonder Lake's: Very strong market value per capita and strong income level indicators; Good, but nominally small general fund balance on a modified accrual basis; Moderate overall net debt burden as a percentage of market value; and "Standard" financial management practices. Nominally small, fluctuating general fund reserve levels and elevated debt service carrying charges temper the above credit factors. The rating on...
Companies mentioned in this report are: Wonder Lake Vill
Action: Outlook: Stable
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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.
Wonder Lake Vill