Various Oklahoma And Arkansas Muni Ratings Placed On CreditWatch Negative On Lack Of Timely Information

CENTENNIAL (S&P Global Ratings) April 2, 2019--S&P Global Ratings placed the 
following ratings on CreditWatch with negative implications:
  • 'A+' long-term rating on the Okmulgee County Governmental Building Authority, Okla.'s sales tax revenue bonds
  • 'A+' long-term rating on the Cleveland County Justice Authority, Okla.'s sales tax revenue bonds
  • 'BBB' long-term rating on the Haskell County Public Facilities Authority (Haskell County Jail & Criminal Justice Facility), Okla.'s series 2014 sales tax revenue refunding bonds
  • 'A+' long-term rating to the Pawnee County Public Programs Authority, Okla.'s sales tax revenue bonds
  • 'A-' long-term rating on the Woodward County Public Facilities Authority, Okla.'s sales tax revenue bonds
  • 'BBB' long-term rating on the Creek County Public Facilities Authority, Okla.'s series 2012 capital improvement and revenue refunding bonds
  • 'BB' long-term rating on the Washita County Public Facilities Authority, Okla.'s sales tax revenue bonds
  • 'A+' long-term rating on the Payne County Facilities Authority, Okla.'s sales tax revenue bonds
  • 'A' long-term rating on Drew County, Ark.'s sales and use tax bonds
  • 'AA-' long-term rating Batesville, Ark.'s sales and use tax bonds
  • 'A+' underlying rating (SPUR) on Stuttgart, Ark.'s sales and use tax bonds
The CreditWatch action follows our repeated requests for timely information of 
satisfactory quality. We believe the delay in providing this information 
raises potential concerns regarding the issuers' operating performance and 
management practices. Without this information we are unable to review these 
credits under our priority-lien tax revenue debt criteria released Oct 22, 
2018.  

If we do not receive the requested information in a timely manner, or within 
90 days of the CreditWatch action, we will likely withdraw the affected 
rating, preceded, in accordance with our policies, by any change to the rating 
that we consider appropriate based on available information. However, if 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 
CreditWatch action.
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