CUSIP 671409B82


  • ISIN: US671409B824
  • Entity Name: Village of Oak Lawn
  • Sector: Municipal
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Rating Downgrade
  • News: Village of Oak Lawn, Cook County, Illinois (the Village), pursuant to the issuance of its General Obligation Corporate Purpose Bonds, Series 2006, dated July 25, 2006; General Obligation Bonds, Series 2009A, dated November 24, 2009; Taxable General Obligation Bonds, Series 2010A, dated September 3, 2010; General Obligation Refunding Bonds, Series 2011A, dated December 29, 2011; General Obligation Refunding Bonds, Series 2011B, dated December 29, 2011; and General Obligation Refunding Bonds, Series 2012, dated February 1, 2012 (collectively, the Bonds), entered into certain undertakings (the Undertakings) to file notice of certain material events with respect to such securities as required by Rule 15c2-12 of the Securities Exchange Act of 1934. Among the material events for which notice is required by the Undertakings is a change in the Villages bond rating. In accordance with the Undertakings, notice is hereby given to owners of the Bonds that Moodys Investors Service, New York, New York (Moodys) has downgraded the underlying credit rating of the Bonds, from Baa2 (Negative Outlook) to Baa3 (Negative Outlook), as of October 10, 2018. Any explanation of the significance of such rating can only be obtained from Moodys. A copy of the rating report is attached hereto.
  • Description: *****
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US671409B824

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