Bensenville, IL – Moody's Investors Service has upgraded the Village of Bensenville's General Obligation Unlimited Tax (GOULT) debt rating to Aa3 from A1. Concurrently, Moody's has upgraded the rating on the Village's GOLT debt certificates to A1 from A2.
The Aa3 rating reflects the Village’s stable financial operations with a substantial increase in reserve levels. Also incorporated into the rating is the Village’s stabilizing tax base, socioeconomic profile, above average debt profile, and manageable pension burden....