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updated: 7/9/2014 5:25 PM

Gurnee receives highest credit rating:

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Daily Herald report

Gurnee has achieved the highest credit rating possible, village officials announced Wednesday. Gurnee received notice from Standard & Poor's Rating Services that its bond rating went from "AA+" to "AAA," the highest an individual agency can achieve. The upgrade reflects S&P's opinion of the village's overall creditworthiness and fiscal strength and will be a major factor in determining the interest rates if the village needs to borrow money through issuing bonds to investors, officials said. "This is excellent news for both the village and our local residents and businesses. The overall upgrade is not only going to save taxpayer dollars on future bond issues by lowering interest rates, it also reflects the overall strength of the Gurnee community and the hard work and careful attention the village team puts into watching the bottom line. I could not be prouder of this achievement," Mayor Kristina Kovarik said.

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