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44JSTANDARD & POOR'S <br />RATINGS SERVICES <br />WGRAW HILL FINANCIAL <br />RatingsDirect @ <br />Research Update: <br />County of Essex 'AA' Ratings Affirmed <br />On Exceptional Liquidity; Outlook <br />Stable <br />Primary Credit Analyst: <br />Nineta Zetea, Toronto (416) 507-2508; nineta.zetea@standardandpoors.com <br />Secondary Contact: <br />Dina Shillis, CFA, Toronto (416) 507-3214; dina.shillis@standardandpoors.com <br />Table Of Contents <br />............................................................................................................. <br />Overview <br />Rating Action <br />Rationale <br />Outlook <br />Key Statistics <br />Ratings Score Snapshot <br />Key Sovereign Statistics <br />Related Criteria And Research <br />Ratings List <br />WWW.STANDARDANDPOORS.COM/RATINGSDIRECT NOVEMBER 12, 2015 1 <br />1480044 13017601t4 <br />