S&P cuts Jefferson County Alabama underlying ratings to "D"

NEW YORK Fri Feb 8, 2013 1:08pm EST

NEW YORK Feb 8 (Reuters) - Standard & Poor's Ratings Services on Friday cut the underlying ratings on bankrupt Jefferson County, Alabama, to D from C after the decision by the creditors' trustee, the Bank of New York Mellon, to suspend payment on Feb. 1.

The rating agency added that bonds affected are series 1997A, 2001A, 2003-B-8, 2003 B-1-A through series 2003 B-1-E, and series 2003 C-1 through 2003 C-10 sewer system revenue warrants.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.