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Financial Institutions – Peru: Peru's new pension withdrawal shrinks a...

A seventh withdrawal and others that may come, will continue to shrink asset pool for fund managers and lower liquidity and domestic market access for banks in Peru.

Government of Bahamas – B1 stable: Regular update

Our credit view of the Bahamas reflects its high GDP per capita compared with peers, offset by its relatively high government debt and interest burdens.

Moody's Ratings affirms ON Semiconductor's Ba1 CFR; changes outlook to...

Moody's Ratings (Moody's) affirmed ON Semiconductor Corporation's (ON Semi) Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 rating on the senior unsecured notes. Moody's SGL-1 Speculative Grade Liquidity (SGL) rating is unchanged. The outlook was revised to pos...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Togo and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 11 April 2024 in which Moody's reassessed the appropriateness of the ratings in the context of the rel...

Moody's Ratings upgrades rating on one class and downgrades one class ...

Moody's Ratings (Moody's) has upgraded  the rating on the following notes issued by Canyon Capital CLO 2014-1, Ltd.: U.S.$44,000,000 Class A-2-R Senior Secured Floating Rate Notes due 2031, Upgraded to Aa1 (sf); previously on January 30, 2018 Definitive Rating Assigned Aa2 (sf) Moody's has also ...

State and Local Government – California: CalPERS ends automatic risk m...

CalPERS, the largest US public pension system, has backed off a long-standing policy that automatically reduced its investment risk-taking following years with strong investment performance.

Moody's Ratings revises the outlook of Summit Public Schools Obligated...

Moody's Ratings has revised the outlook of Summit Public Schools Obligated Group, CA to positive from negative. Concurrently, the obligated group's Ba3 revenue bond rating has been affirmed. The Ba3 rating and positive outlook affect roughly $10.4 million outstanding charter school revenue bonds. ...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Moldova and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 11 April 2024 in which Moody's reassessed the appropriateness of the ratings in the context of the ...

Moody's Ratings upgrades North Branch Independent S.D.138, MN's Issuer...

Moody's Ratings (Moody's) has upgraded North Branch Independent School District 138, MN's issuer and general obligation unlimited tax (GOULT) ratings to A2 from A3. The district had roughly $74 million of debt outstanding as of June 30, 2023. The ratings were upgraded because reserves have steadil...

Perham Dent Independent School District 549, MN: Update to credit anal...

Our credit view of Perham Dent ISD 549 reflects strong resident wealth and income, increasing enrollment, narrowing reserves and moderate leverage.

Sub-Sovereign Ratings List

April 19, 2024Country Issuer Outlook [2] Long-Term [3] Short-Term [4] National Scale RatingARGENTINA Buenos Aires, City of STA Caa3Buenos Aires, Province of STA CaChaco, Province of STA CaChubut, Province of STA CaCordoba, Municipality of STA CaCordoba, Province of STA CaMendoza, Province of STA CaR...

Liberty Hill Independent School District, TX: Update to credit analysi...

Moody's credit view of Liberty Hill ISD, TX highlighting the district's rapid enrollment growth that has driven significant debt issuance.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of General Motors Financial Company, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 17 April 2024 in which Moody's reassessed the appropriateness of the...

Towd Point Mortgage Funding 2024 - Granite 6 PLC: New Issue - Cerberus...

Our credit view of the transaction, including our analysis of the assets and the securitisation structure.

Moody's Ratings affirms Harvest Midstream's Ba3 CFR

Moody's Ratings (Moody's) affirmed Harvest Midstream I, L.P.'s (Harvest Midstream or the partnership) ratings, including its Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and B1 senior unsecured notes rating, and maintained the stable outlook. "Harvest Midstream has...

Mount Healthy City School District, OH: Update to credit analysis foll...

Our credit view of this issuer reflects its quickly deteriorating financial profile with deeply negative reserves.

Borough of Glen Rock, NJ: Update to credit analysis

Our credit view of Glen Rock highlighting the borough's affluent tax base, favorable location, solid finances, and above-average leverage.

Compagnie de Saint-Gobain: Update following rating affirmation

Our credit view of this issuer reflects its strong liquidity and a good track record of positive FCF, constrained by its growing shareholder remuneration.

Moody's Ratings assigns Aa3 to Miami-Dade Co., FL's Water and Sewer Re...

Moody's Ratings (Moody's) has assigned a Aa3 rating to Miami-Dade County, FL's $319 million Water and Sewer System Revenue Bonds, Series 2024A and $147 million Water and Sewer System Revenue Refunding Bonds, Series 2024B. Concurrently, Moody's Ratings has affirmed the Aa3 and A1 ratings on senior an...

Moody's Ratings affirms the City of Budapest's Baa3 rating with stable...

Moody's Ratings ("Moody's") has today affirmed the Baa3 local and foreign currency long-term issuer ratings of the City of Budapest and maintained the stable outlook. At the same time, Moody's has affirmed Budapest's Baseline Credit Assessment (BCA) of baa3. RATINGS RATIONALE RATIONALE FOR THE R...

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