This week, Standard & Poor’s (S&P) Global Ratings reaffirmed Glencoe's AAA bond rating, maintaining Glencoe's place among the most financially sound governments in the United States. The analysis conducted by S&P cited a strong local economy, strong reserves and engaged and thoughtful financial management as strengths of the Village. As a resident, you are benefitted because this rating allows the Village to borrow at significantly lower rates, which saves hundreds of thousands of dollars each time the Village issues bonds for capital projects. The full rating report is now posted to the Village's transparency portal in the “Bond Reports” section. more information on the methodology used to issue bond ratings can be found on the S&P website here.
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Glencoe's AAA Rating From S&P Global Ratings Reaffirmed
This week, Standard & Poor’s (S&P) Global Ratings reaffirmed Glencoe's AAA bond rating, maintaining Glencoe's place among the most financially sound governments in the United States. The analysis conducted by S&P cited a strong local economy, strong reserves and engaged and thoughtful financial management as strengths of the Village. As a resident, you are benefitted because this rating allows the Village to borrow at significantly lower rates, which saves hundreds of thousands of dollars each time the Village issues bonds for capital projects. The full rating report is now posted to the Village's transparency portal in the “Bond Reports” section. more information on the methodology used to issue bond ratings can be found on the S&P website here.
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