Naperville Park District receives highest bond rating from Moody's

On Thursday, Oct. 18, the Naperville Park District learned that Moody's Investor's Service recently reviewed the Naperville Park District's entire debt profile and assigned the park district an Aaa rating with a stable outlook, indicating the continued financial strength and stability of the Naperville Park District.

The park district has maintained the top bond rating since it was upgraded from Aa1 to Aaa by Moody's in 2008.

According to a press release issued by Moody's, "The stable outlook reflects our view that the district's financial position and reserves will remain at current levels. It also reflects our expectation that the district's healthy economic base and low leverage will remain key credit attributes."

"This good news affirms the Park District's commitment to financial stewardship in all aspects of its mission to provide recreation and park experiences that promote healthy lives, healthy minds and a healthy community," said Executive Director Ray McGury.