Standard & Poor’s Monday revised its rating outlook on Jones County general obligation bonds to negative from stable ahead of an upcoming issue, citing a deteriorating financial position while also affirming its A-plus rating on the county’s debt.

“If the county’s financial position does not improve, as anticipated by the county’s fiscal 2011 budget, we could lower the rating,” said analyst Russell Bryce. “If, on the other hand, the county improves and can subsequently sustain its financial position, we could revise the outlook to stable.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.