Upgrade in Winnetka

Carvlin, Elizabeth
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p31
Trade Publication
The article reports that Moody's Investors Service Inc., has upgraded the Winnetka Park District's outstanding general obligation limited tax certificates to Aa2 from Aa3. It has also assigned an initial rating of Aa1 to $3.5 million more of the debt that the district plans to sell in 2005. The current bonds are backed by a dedicated levy with an unlimited tax rate. Analysts said the rating reflects a diverse, stable, and affluent tax base. The district includes the village of Winnetka and portions of surrounding municipalities about 18 miles north of downtown Chicago.


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