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Summary: Hickory Hills Park District, Illinois; General Obligation Feb 13 Product Image

Summary: Hickory Hills Park District, Illinois; General Obligation Feb 13

  • ID: 2394185
  • February 2013
  • Region: Illinois
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating on Hickory Hills Park District, Ill.'s series 2010 taxable general obligation (GO) limited-tax park bonds. The outlook is stable. The 'AA' rating reflects our view of the park district's: Participation in the diverse Chicago metropolitan area economy; Strong income levels and market value per capita; Operational flexibility to adjust program revenues and expenses; Very strong reserves in the combined general and recreational fund; and Rapid debt amortization, albeit with elevated debt service carrying charges. Securing the series 2010 bonds is the district's debt service extension base, which is limited as to amount but unlimited as to rate. Proceeds from the bonds were used to fund capital projects. Hickory Hills Park...

Companies mentioned in this report are:
- Hickory Hills Pk Dist

Action: Affirmed
Action: Outlook: Stable

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