CENTENNIAL (S&P Global Ratings) June 30, 2022--S&P Global Ratings placed the following ratings for the City of Hazelwood, Mo., on CreditWatch with negative implications: 'AA' general obligation (GO) rating, 'AA-' certificate of participation rating, and 'A+' annual appropriation capital projects bond long-term rating. "The CreditWatch placement reflects our view that there is at least a one-in-two likelihood of a negative rating action within the next 90 days, after we gather additional information surrounding the Hazelwood mayor's recent statement that 'a Chapter 9 bankruptcy of Missouri's 26th-largest city and the seventh-largest city in St. Louis County may be inevitable,'" said S&P Global Ratings credit analyst Coral Schoonejans." While the mayor stated this recently in a media outlet, we are still gathering
