S&PCORRECT: Outlook Revised To Negative On Lawrence County, AL's GO Warrants On Projected Decline In Operations Aug 12

Standard & Poors, August 2012

Abstract
DALLAS (Standard & Poor's) Aug. 2, 2012--Standard & Poor's Rating Services revised its outlook to negative from stable on Lawrence County, Ala.'s general obligation warrants. Standard & Poor's also affirmed its 'A-' underlying rating (SPUR) on the warrants. "The outlook revision reflects our view of the county's projected decline in its operational financial position, coupled with limited general fund liquidity based on unaudited fiscal 2010 results," said Standard & Poor's credit analyst Brian Marshall. The rating reflects our view of county's: Moderately concentrated local economic base, and Historically uneven financial performance. RELATED CRITERIA AND RESEARCH USPF Criteria: GO Debt, Oct. 12, 2006 USPF Criteria: Key General Obligation Ratio Credit Ranges - Analysis Vs. Reality, April 2, 2008...

Companies mentioned in this report are: Lawrence Cnty
Action: Affirmed
Action: Outlook: Negative

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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.

Lawrence Cnty

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