Winnsboro, TX GO Bond Rating Placed On CreditWatch With Negative Implications

DALLAS (S&P Global Ratings) Feb. 16, 2024--S&P Global Ratings placed its 'A+' long-term rating on Winnsboro, Texas' general obligation bonds on CreditWatch with negative implications. "The CreditWatch placement is due to a lack of timely information, in particular the city's fiscal 2022 annual financial statements," said S&P Global Ratings credit analyst Bikram Dhaliwal. We consider the required information necessary to maintain and assess our ratings. Accordingly, the rating is now at risk of being withdrawn, preceded by any change to the rating we consider appropriate given available information. If we do not receive the necessary information within 30 days, we could withdraw the rating. If we obtain the necessary information within 30 days, we will conduct a full review and

...February 16, 2024 DALLAS (S&P Global Ratings) Feb. 16, 2024--S&P Global Ratings placed its 'A+' long-term rating on Winnsboro, Texas' general obligation bonds on CreditWatch with negative implications. "The CreditWatch placement is due to a lack of timely information, in particular the city's fiscal 2022 annual financial statements," said S&P Global Ratings credit analyst Bikram Dhaliwal. We consider the required information necessary to maintain and assess our ratings. Accordingly, the rating is now at risk of being withdrawn, preceded by any change to the rating we consider appropriate given available information. If we do not receive the necessary information within 30 days, we could withdraw the rating. If we obtain the necessary information within 30 days, we will conduct a full review and take a rating action within 90 days of receipt of the necessary information. Environmental, social, and governance (ESG) credit factors for this change in credit rating/outlook and/or CreditWatch...

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