Moody’s Investors Service has upgraded by one notch to Aa2 its rating on Mettawa’s general obligation debt due to the village’s healthy financial position. The action comes ahead of a planned sale this week of $1.9 million of bonds.

The village, located northwest of Chicago in a primarily rural and residential area in Lake County, benefits from revenue-raising flexibility that comes with its home-rule status, and ample reserves. Its challenges include a limited tax base.

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