Village's Bond Rating Upgraded to AA+

Standard & Poor's Rating Services has raised its long-term rating on the Village's bonds to 'AA+' from 'AA', reflecting continued very strong financial performance and the adoption of additional financial management policies. Standard & Poor's also provides a stable outlook for River Forest.

Standard & Poor's credit analyst John Sauter commented, "We expect the Village to maintain its very strong reserves through continued balanced annual budgets. We do not expect the rating to change within the two-year parameter of the outlook, as we believe the management will continue to closely monitor budget performance, and react with adjustments should significant revenue or expenditure pressures arise."