Shackelford County, TX GO Rating Suspended On Lack Of Timely Information

DALLAS (S&P Global Ratings) March 22, 2019--S&P Global Ratings suspended its 
long-term rating on Shackelford County, Texas' series 2011 general obligation 
(GO) bonds. 

This action follows repeated attempts by S&P Global Ratings to obtain timely 
information of satisfactory quality to maintain our rating on the securities 
in accordance with our applicable criteria and policies. Prior to suspending 
the rating, S&P Global Ratings took any rating action on the issuer that we 
considered appropriate given available information. 

We understand that the county auditor is finalizing the fiscal 2017 audit. To 
satisfy our quality-of-information standards and maintain the rating, we 
expected to receive the audit by year end. If the audit is completed and we 
receive information that we consider sufficient and of satisfactory quality, 
we will conduct a review and take a rating action within 90 days of the rating 
suspension to reinstate the rating. However, failure to receive the requested 
information will likely result in our withdrawal of the affected rating.
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