CHICAGO (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services has lowered its long-term rating on Jefferson County, Mo.'s series 2010C general obligation (GO) neighborhood improvement bonds to 'AA-' from 'AA', reflecting further clarity on the security of the bonds. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA' issuer credit rating (ICR) to the county. Standard & Poor's also affirmed its 'AA-' long-term rating on the county's series 2007, series 2010, and series 2010B certificates of participation (COPs). The COPs are rated one notch below the ICR given the annual appropriation risk associated with the leases securing the COPs. The outlook on all the ratings is stable. Special assessments levied against real property...
Companies mentioned in this report are:
- Jefferson Cnty
Action: New Rating
Action: Outlook: Stable
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