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Chicago Heights, IL GO SPUR Placed On CreditWatch Negative On Lack Of Timely Information Jan 12 Product Image

Chicago Heights, IL GO SPUR Placed On CreditWatch Negative On Lack Of Timely Information Jan 12

  • ID: 2043142
  • January 2012
  • Standard & Poors

Abstract
CHICAGO (Standard & Poor's) Jan. 23, 2012--Standard & Poor's Ratings Services has placed its 'BBB' underlying rating on Chicago Heights, Ill.'s 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 ratings on the securities in accordance with our applicable criteria and policies. Failure to receive the requested information by Thursday, Feb. 2, will likely result in our suspension of the affected ratings, preceded -- in accordance with our policies -- by any change to the rating we consider appropriate given available information. RELATED CRITERIA AND RESEARCH Credit FAQ: Procedures For Suspending Ratings In U.S. Public Finance Due To Insufficient Information, Aug. 25,...

Companies mentioned in this report are: Chicago Hgts
Action: Downgraded

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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Chicago Hgts

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