CHICAGO — Moody's Investors Service has placed the ratings of eleven local government credits in Indiana and Ohio on review with the rating direction uncertain as analysts await updated financial data from the group.
The action taken Dec. 23 stands to impact about $112.6 million of outstanding debt.
In Indiana, the credits are the town of Avon, the New Haven water enterprise, and the Tri-County Conservancy District.
In Ohio, the credits are Allen County, the city of Kirkland, Ross Township, the village of Amberly, the Lake County District Library, Reed Memorial Library, Miami Township in Montgomery County, and Olmsted Township.
"The review is prompted by the lack of sufficient, current financial information," Moody's said. "If the information is not received over the next 30 days, we will take appropriate rating action which could include the withdrawal or lowering of the ratings.
