Livingston County, KY GO Rating Placed On CreditWatch Negative On Financial Uncertainty

CHICAGO (S&P Global Ratings) Dec. 19, 2018--S&P Global Ratings placed its 
long-term rating on Livingston County, Ky.'s general obligation (GO) debt on 
CreditWatch with negative implications. 

"The CreditWatch is due to the county's audit for fiscal year June 30, 2017, 
not being available yet," said S&P Global Ratings credit analyst Jessica Akey. 
"In addition, we believe that there is uncertainty regarding the county's 
financial position, particularly growing pension costs, which could pressure 
its long-term credit quality."

We consider the receipt of the fiscal 2017 audit necessary to maintain the 
rating. If we do not receive the fiscal 2017 audit within 15 days from the 
date of this publication, we may withdraw the rating due to a lack of timely 
information, preceded, in accordance with our policies, by any change to the 
rating that we consider appropriate given available information, as described 
in our commentary, titled "Procedures for Suspending Ratings in US Public 
Finance Due to Insufficient Information," published Aug. 25, 2011. However, if 
we receive information that we consider sufficient and of satisfactory 
quality, we will conduct a full review and take a rating action within 90 days 
of the CreditWatch placement.
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