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Posted on: December 18, 2017

Village’s Exceptionally Strong Operating Performance Affirmed by FitchRatings AAA Rating

FitchRatings has affirmed the Village of Woodridge’s AAA rating, establishing it as the Village’s Issuer Default Rating and rating for $11.5 million unlimited tax general obligation (ULTGO) bonds.  This is the best rating that can be achieved using the FitchRatings method.

Village Administrator Al Stonitsch highlighted the rating and confirmed Fitch’s assessment of the Village’s “low liability burden, significant ability to control our budget on both the revenue and expenditure sides, and exceptionally strong operating performance.” 

The full report from FitchRatings can be found on the Village’s website.

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