S&P stops issuing credit rating for Lake County due to audit

S&P stops issuing credit rating for Lake County due to audit problems

Lake County officials are still trying to get a grasp on what happened in the county’s accounting process that left the lingering question of just exactly where the entity’s cash balances stand and prompted Standard and Poors to stop issuing it a credit rating. Commissioner Micheal Repay, D-Hammond, confirmed Thursday S&P is no longer providing a credit rating for the county because it does ...

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