Hazelwood, MO Various Ratings Placed On CreditWatch Negative On Bankruptcy Statement And ESG Factors - S&P Global Ratings’ Credit Research

Hazelwood, MO Various Ratings Placed On CreditWatch Negative On Bankruptcy Statement And ESG Factors

Hazelwood, MO Various Ratings Placed On CreditWatch Negative On Bankruptcy Statement And ESG Factors - S&P Global Ratings’ Credit Research
Hazelwood, MO Various Ratings Placed On CreditWatch Negative On Bankruptcy Statement And ESG Factors
Published Jun 30, 2022
3 pages (1300 words) — Published Jun 30, 2022
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Abstract:

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

  
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Ratings Action

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Hazelwood, MO Various Ratings Placed On CreditWatch Negative On Bankruptcy Statement And ESG Factors" Jun 30, 2022. Alacra Store. Feb 26, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Hazelwood-MO-Various-Ratings-Placed-On-CreditWatch-Negative-On-Bankruptcy-Statement-And-ESG-Factors-2861816>
  
APA:
S&P Global Ratings’ Credit Research. (). Hazelwood, MO Various Ratings Placed On CreditWatch Negative On Bankruptcy Statement And ESG Factors Jun 30, 2022. New York, NY: Alacra Store. Retrieved Feb 26, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Hazelwood-MO-Various-Ratings-Placed-On-CreditWatch-Negative-On-Bankruptcy-Statement-And-ESG-Factors-2861816>
  
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