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Calumet City, IL, GO SPUR Placed On CreditWatch Negative Due To Insufficient Information Oct 11
Standard & Poors, Oct 2011
Abstract
CHICAGO (Standard & Poor's) Oct. 6, 2011--Standard & Poor's Ratings Services has placed its 'A' underlying rating (SPUR) on Calumet City, Ill.'s previously issued general obligation debt on CreditWatch with negative implications. This action follows repeated attempts by Standard & Poor's to obtain timely information of satisfactory quality to maintain our rating on the securities in accordance with our applicable criteria and policies. 'Failure to receive the requested information by Oct. 21, 2011, will likely result in our suspension of the affected rating,' said Standard & Poor's credit analyst Jennifer Boyd. 'Preceding the suspension, in accordance with our policies, would be any change to the rating that we consider appropriate given available information,' Ms. Boyd added. RELATED CRITERIA AND RESEARCH...
Companies mentioned in this report are: Calumet City
Action: On CreditWatch:Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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