BRADENTON, Fla. - With less than a week until the expiration of forbearance agreements that delay some of Jefferson County, Ala.'s sewer bond debt payments, insurers and the county's bond trustee Tuesday filed an emergency motion for the appointment of a receiver for the sewer system.

In a related move yesterday, Standard & Poor's slashed its underlying rating on the county's $120 million of Series 2001B general obligation variable-rate warrants to its lowest possible level, to D from B.

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