Summary: Schaumburg Village, Illinois; General Obligation Mar 10

Standard & Poors, March 2010

Abstract
In Standard & Poor's Ratings Services' opinion, the 'AA+' long-term rating assigned to the Village of Schaumburg, Ill.'s series 2010A and 2010B general obligation (GO) and GO refunding bonds reflects the village's: Participation in the deep and diverse Chicago, Ill. metropolitan statistical area and its role as a commercial and retail hub for Chicago's northwest suburbs; Very strong income and wealth levels; and Historically strong financial performance and revenue-raising flexibility. Offsetting factors include the village's reliance on economically sensitive tax revenues supporting operations and slow debt amortization. The village's GO pledge secures the series 2010A and 2010B bonds, but the village intends to abate the taxes and provide for debt service on the 2010A bonds from other revenues sources. We...

Companies mentioned in this report are:
- Village of Schaumburg

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.

- Village of Schaumburg

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