CUSIP 770627EJ2

• ISIN: US770627EJ22
• Entity Name: Robertson Fire Protection District of St. Louis County, Missouri
• Sector: Municipal Agency
• Announcement Date: 21-Aug-2018
• Effective Date: 15-Aug-2018
• Issue Date: *****
• Maturity Date: 15-Mar-2035
• Country of Issuer: United States
• Region: N.Amer
• Issue Currency: United States of America Dollars
• CA Type: Rating Downgrade
• News: Moodys Investors Services, Inc. (Moodys), released a report on August 15, 2018, changing its rating on the Districts General Obligation Bonds as shown on the following table: Securities Previous Rating New Rating General Obligation Bonds Aa3 A1 Moodys has also assigned a negative outlook. The rating change was based on a material decline in liquidity as a result of a payment withheld by the City of Hazelwood, Missouri (the City). Additional information about the rating change may be obtained by consulting the report issued by Moodys and any subsequent reports relating to the District. As described in the official statements for the above-referenced Bonds, the District and the City entered into an agreement (the Agreement) memorializing the Citys obligations under the terms of a Court Order entered by the St. Louis County Circuit Court in 1995 (the Court Order) which resulted from litigation between the City and the District regarding the annexation of a portion of the District by the City. Beginning January 1, 1996, and for each year thereafter, the City is required, pursuant to the Court Order and the Agreement, to pay the District the required annual fee. On December 20, 2017, the Council of the City passed a resolution approving and authorizing the delivery of a Notice of Termination for the Agreement to the District. The Notice of Termination stated that the termination of the Agreement would be effective as of December 31, 2018. The City has not paid the District the annual fee due in 2018. The District has initiated Court proceedings in connection with this matter, which are currently in the discovery phase. Copies of the Districts Petition (St. Louis Circuit Court Cause No. 18SL-CC00749, which was consolidated with St. Louis Circuit Court Cause No. 18SL-CC00771) and the Districts Motion for Sanctions Arising from Contempt of Court by City of Hazelwood (St. Louis Circuit Court Cause No.
• Description: Municipal Name: Robertson Fire Protection District of St. Louis County, Missouri CUSIP: 770627EJ2 Currency: USD Robertson Fire Protection District of St. Louis County, Missouri announced today that the Moody’s Investors Service has downgraded the ratings of the Series 2016, General Obligation Bonds from Aa3 to A1 on August 15, 2018.
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US770627EJ22