Lake Zurich receives highest credit rating again
Lake Zurich has achieved another Triple-A bond rating that reduces the cost of interest to taxpayers when the village needs to borrow money. Standard & Poor's Ratings Services has affirmed the highest credit rating a municipality can achieve. S&P cited Lake Zurich's strong and diverse economy, budgetary flexibility with healthy general fund balances, a high-level of liquidity with strong cash levels to cover debt service and expenditures, and a strong institutional framework with professional management conditions and financial practices. Fewer than 3 percent Illinois municipal governments have received the AAA rating.
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