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Bond Issuance & Current Village Rating

August 28, 2020

The Village of Glen Ellyn is pleased to announce that the financial services firm S&P Global Ratings (S&P) has reaffirmed the Village’s AAA bond rating, which is the highest rating a municipality can obtain. The Village has maintained a AAA rating since 2015, allowing for savings as the Village sells bonds to finance capital projects. 

The S&P report cites the following positive credit characteristics of the Village of Glen Ellyn:

  • Very strong economy, with access to a broad and diverse metropolitan statistical area;
  • Very strong management with strong financial policies and practices;
  • Very strong budgetary flexibility, with an available fund balance in fiscal 2019 of 51% of operating expenditures; and
  • Very strong liquidity and access to external liquidity S&P considers strong

Click here to view S&P's Report

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