Various Alabama Issuer Ratings Placed On CreditWatch Negative On Lack Of Timely Information

Stocks and Financial Services Press Releases Friday May 19, 2017 09:14
DALLAS--19 May--S&P Global Ratings

DALLAS (S&P Global Ratings) May 18, 2017--S&P Global Ratings placed its ratings on five Alabama issuers on CreditWatch with negative implications given a lack of timely information. The affected issuers are: Covington County (A+/Watch Neg) Dallas County (A/Watch Neg) Monroe County (A/Watch Neg) Roanoke (A/Watch Neg) Stevenson (A/Watch Neg) This action follows repeated attempts by S&P Global Ratings 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 will likely result in our withdrawal of the affected rating, preceded, in accordance with our policies, by any change to the rating that we consider appropriate given available information. However, if we receive information that we consider sufficient and of satisfactory quality, we will conduct a review and take a rating action within 90 days of the CreditWatch placement.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information.

Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and atwww.spcapitaliq.com.
All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.

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