Melrose Park Credit Rating Two Notches Above Junk as Moody’s Outlook Remains Negative

Thursday, May 14, 2015 || By Michael Romain According to a May 7 report by Moody’s Investors Service, the rating agency “has affirmed the Village of Melrose Park’s (IL) general obligation rating of Baa2 and maintained its negative outlook.” The Baa2 rating, which indicates an average credit-worthiness according to municipalbonds.com, applies to $32.7 million worth of outstanding general obligation unlimited tax (GOULT) debt. Moody’s nonetheless … Continue reading Melrose Park Credit Rating Two Notches Above Junk as Moody’s Outlook Remains Negative