Fitch Downgrades Skokie, IL GO Bonds to 'AA+' from 'AAA', Outlook Revised to Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded the Issuer Default Rating on the Village of Skokie (IL) to ‘AA+’ from ‘AAA’. In addition, Fitch assigns an ‘AA+’ rating to the following: –$9.2 million taxable general obligation (GO) refunding bonds, series 2016A bonds. Fitch downgrades the rating on the following: –$59 million general obligation bonds to ‘AA+’ from ‘AAA’. The Rating Outlook is revised to Stable from Negative. SECURITY General Obligation KEY RATING DRIVERS The downgrade
Source: BusinessWire-Primary

Fitch Downgrades Skokie, IL GO Bonds to 'AA+' from 'AAA', Outlook Revised to Stable