Paulsboro Borough, N.J., on S&P Negative CreditWatch

Standard & Poor's Ratings Services said it has placed its AA-minus rating on Paulsboro Borough, N.J.'s general obligation bonds on CreditWatch with negative implications.

"This CreditWatch action follows our repeated attempts to obtain timely information of satisfactory quality to maintain our rating on the securities in accordance with our applicable criteria and policies," said Standard & Poor's credit analyst Apple Lo.

If borough officials fail to provide the agency with the requested information by Aug. 11, 2014, it will likely suspend the affected rating, preceded, in accordance with its policies, by any change to the rating it considers appropriate given the available information.

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