CUSIP 671409ZZ6
- ISIN: US671409ZZ62
- Entity Name: Village of Oak Lawn
- Sector: Municipal
- Announcement Date: 17-Oct-2017
- Effective Date: 11-Oct-2017
- Issue Date: *****
- Maturity Date: 01-Dec-2021
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Downgrade
- News: The Village of Oak Lawn, Cook County, Illinois (the Village), pursuant to issuing certain of its bonds (collectively, the Bonds), entered into one or more 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, Inc. (Moodys) downgraded the underlying credit rating of the Bonds from Baa1 to Baa2 on October 11, 2017. The Village also notes that on June 23, 2017, S&P Global Ratings (S&P) affirmed its underlying and long-term credit rating of A+ (Stable Outlook) on the Villages general obligation debt. More information can be found in the respective Moodys and S&P rating reports. Any explanation of the significance of such ratings can only be obtained from Moodys and S&P. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: Village of Oak Lawn CUSIP: 671409ZZ6 Currency: USD Village of Oak Lawn announced today that the Moody`s Investors Service has downgraded the rating of the Series 2011A General Obligation Refunding Bonds from Baa1 to Baa2 on October 11, 2017.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US671409ZZ62
