S&P puts Chester, Pa. GO rating on negative watch

Tue Aug 27, 2013 11:37am EDT

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Aug 27 (Reuters) - Standard & Poor's Ratings Services on Tuesday placed its 'A' rating of Chester, Pennsylvania's general obligation debt rating on CreditWatch Negative.

S&P said they took the following "repeated attempts to obtain timely information of satisfactory quality to maintain our rating on the securities in accordance with our applicable criteria and policies."

"If we do not receive the requested information by Sept. 16, 2013, we will likely suspend the rating, preceded, in accordance with our policies, by any change to the rating we consider appropriate given the information available," S&P said.

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