S&P: Roosevelt Garden Apartments, FL 'BB+' 2014A Bond Rating Placed On Watch Negative On Insufficient Information

S&P Global Ratings placed its 'BB+' rating on the Public Finance Authority, Wis.' series 2014A multifamily housing revenue bonds (Roosevelt Gardens Apartments, Fla.) on CreditWatch with negative implications.

"The rating action reflects our repeated attempts to acquire 2017 audited financial information that would allow us to conduct our analysis in accordance with our criteria and policies," said S&P Global Ratings credit analyst Joan Monaghan. Should sufficient information be provided to us within 90 days of this action, we will conduct a review and take rating action as soon as practicable. However, failure to receive such information within 90 days of this rating action could result in a suspension of the rating.
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