On July 1, 2021, Standard and Poor's (S&P) Financial Services advised the Village that it has reaffirmed the community a long-term rating of AA+ based on a stable financial outlook for the Village.

In making the decision to rate Elk Grove Village, S&P noted that Elk Grove has extremely competent management, strong budgetary performance, very strong economy, very weak debt and contingent liability profile, strong budgetary flexibility and liquidity. Other highlights from the report include; a healthy general fund reserve level in recent years, improved market values due to large-scale developments in the business park, and effective standard financial management policies and practices. 

The Village receives periodic credit ratings as a means to invest back into the community, fund water-sewer infrastructure, street projects, and other large capital items.  The stable outlook reflects Elk Grove Village's structurally balanced financial operations and anticipation it will maintain very strong budgetary flexibility and liquidity.