Parks Steady

Shields, Yuette
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p31
Trade Publication
The article informs that the credit outlooks for the 51 Illinois park districts rated by Moody's Investors Service remain stable with sound financial operations offsetting the weak economy of recent years and property tax caps, according to a new report from the agency. The agency rates a total of $1.6 billion of general obligation debt issued by park districts throughout the state. The median rating is Al. The Chicago Park District is the largest, with $920 million of GOs rated Aa3. One positive factor is the location of many of the districts near the Chicago metropolitan area, which benefits from a large and diverse economy and strong wealth levels compared to state and national averages.


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