Moody's Corrects Rating of Urban Redev. Auth. of Pittsburgh Tax Increment Bonds Ser. 2006 to A2 from A1
New York, January 20, 2017-- Moody's is correcting the rating for the Urban Redevelopment Authority of Pittsburgh's Tax Increment Bonds Series of 2006 to A2 from A1. Due to an internal administrative error, the March 17, 2015 and May 15, 2015 rating actions on the bonds inadvertently followed the counterparty risk assessment of PNC Bank, National Association. These rating actions should have followed the Bank's LT senior unsecured rating.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.