Summary: Will County Forest Preserve District, Illinois; General Obligation Feb 12

Standard & Poors, February 2012

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Will County Forest Preserve District, Ill.'s series 2012 unlimited-tax general obligation (GO) refunding bonds. We also affirmed our 'AA+' underlying rating on the district's previously issued debt. The outlook is stable. The ratings reflect our view of the district's: Participation in the deep and diverse Chicago, Ill., metropolitan statistical area economy; Very strong income levels and market value per capita; Historically strong financial performance, including annual operating surpluses that have resulted in very strong reserve levels; and "Good" financial management under our Financial Management Assessment (FMA) methodology. The series 2012 bonds are secured by revenue from the district's unlimited-tax GO pledge. We understand management plans to use the bond...

Companies mentioned in this report are: Will Cnty Forest Pres Dist
Action: Affirmed
Action: New Rating
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.

Will Cnty Forest Pres Dist

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