Rating On Covert Public Schools District No. 18, MI 2008 GO Bonds Placed On Watch Negative On Lack Of Timely Information Aug 12
- Language: English
- Published: August 2012
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
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Research type: News
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