List Of U.S. State And Local Government Ratings Unaffected By Priority-Lien Criteria

BOSTON (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings does not 
currently expect the application of its new "Priority-Lien Tax Revenue Debt" 
(Priority-Lien) criteria (published Oct. 22, 2018, on RatingsDirect) to result 
in changes to the issues listed below. The listed issues are by U.S. state and 
local governments and their related instrumentalities and constitute a subset 
of ratings within scope of the Priority-Lien criteria. We expect to update 
this list monthly.

The list can be viewed and downloaded by clicking the following link:
We are taking a phased approach to assessing the rating impact of the 
application of the criteria. Each month, we expect to update the list with all 
of our outstanding ratings within scope of the Priority-Lien criteria that we 
have reviewed and do not expect the rating to change. Based on market 
feedback, we are providing additional detail to assist market participants 
identify issues not affected by the criteria.
Frequently Asked Questions Q:What is the credit rating id for this company?
Q:What is the credit rating date for this company?
A:Monday, February 4, 2019
Q:What is the AI credit rating?
A:AI credit rating is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit machine learning forecast of the likelihood of the debtor defaulting.
Q:What is the AI credit rating scale?
A:AI rating scale, which ranges from a maximum Aaa to a minimum C, consists of 21 notches and two categories: Investment category for the financially sound companies and Speculative category for the companies with a higher risk of defaulting.
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