Bolingbrook Credit Rating on New Credit Watch

The Village of Bolingbrook which was downgraded to a AA- rating, is now listed on Credit Watch by S&P.  When we contacted them, we were told in part that this is due to the high debt the Village has compared to the income of the village. 

***  CreditWatch highlights an emerging situation which may materially affect the profile of a rated corporation and can be designated as CreditWatch positive, CreditWatch developing or CreditWatch negative. It signals to investors that further analysis is being performed.

Time to vote the spenders in Bolingbrook Village Trustee Board and the Mayor out!

Bolingbrook Vill, IL

Issue: US$41.815 mil GO bnds ser 2007 dtd 12/27/2007due 01/01/2030 2032-2033 2037

Class/ Maturity Date	Rating Type	Ratings	Rating Date	Regulatory Identifiers	Last Credit Rating Action/
2007/ 01-Jan-2030	Standard Credit Rating	AA-/Stable	30-Nov-2011	EX	30-Nov-2011 CreditWatch NM
2007/ 01-Jan-2032	Standard Credit Rating	AA-/Stable	30-Nov-2011	EX	30-Nov-2011 CreditWatch NM
2007/ 01-Jan-2033	Standard Credit Rating	AA-/Stable	30-Nov-2011	EX	30-Nov-2011 CreditWatch NM
2007/ 01-Jan-2037	Standard Credit Rating	AA-/Stable	30-Nov-2011	EX	30-Nov-2011 CreditWatch NM