WASHINGTON — Standard & Poor's has launched a web application that allows users to create rating scenarios for local governments based on the agency's actual methodology.

The U.S. Local Governments Credit Scenario Builder, which was launched on Friday, is a web-based version of Standard & Poor's Ipad app that was introduced last year. The tool is available to anyone who registers for a free account with the agency, and provides a blank slate into which users can input information about a local government of their choice.

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