Woodridge Applauded for Strong Financial Rating

The village of Woodridge has earned an impressive financial rating that places it in the top tier of all municipalities when it comes to receiving and paying loans.

FitchRatings affirmed this week that the village of Woodridge has earned a AAA rating, establishing it as the Village’s Issuer Default Rating and qualifying it for $18.5 million in unlimited tax general obligation (ULTGO) bonds. This is the best rating that can be achieved via the FitchRatings evaluation.

Village Administrator Kathleen Rush announced the ratings during a village board meeting last week.

"The village has a low liability burden (and) we are controlling our budget on both the revenue and expenditure sides ... (We) have exceptionally strong operating performance.”