Standard & Poor's Corp. yesterday downgraded to BBB from A its rating of $179.5 million of Lancaster County Solid Waste Management Authority's resource recovery system revenue bonds, because the Pennsylvania authority can no longer rely on flow control to guarantee a supply of waste for its disposal facilities.

Also yesterday, Standard & Poor's Corp. placed the Camden County, N.J., Pollution Control Financing Authority's solid waste revenue bonds on CreditWatch "with negative implications," leaving the authority's BBB-plus rating one step away from a potential downgrade.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.