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Burbank-Glendale-Pasadena Airport Auth., CA: Update to credit analysis

The credit profile reflects strong financial metrics that will moderate with implementation of a large capital program, and a small but stable share of traffic in the Los Angeles market

Government of Belize – Caa2 stable: Regular update

Our credit view of this issuer reflects a benign amortization profile after the superbond buyback in 2021.

Moody's Ratings revises the outlook of Union Colony Schools, CO to sta...

Moody's Ratings (Moody's) has revised the outlook of Union Colony Schools, CO to stable from negative. Concurrently, the charter school's Ba2 revenue bond rating has been affirmed. The Ba2 rating and stable outlook affect roughly $17.3 million outstanding charter school revenue bonds. The revised ...

Moody's Ratings assigns Aaa to NJ Infrastructure Bank, Series 2024A-W1...

Moody's Ratings (Moody's) has assigned a rating of Aaa to the proposed $75,570,000 of New Jersey Infrastructure Bank's ("I-Bank") Environmental Infrastructure Bonds, Series 2024A-W1 (Green Bonds), and Aaa to the proposed $34,661,645 of New Jersey Infrastructure Bank's Environmental Infrastructure WI...

Moody's Ratings assigns Aa2 to UHC, UT Single Family Mortgage Bonds 20...

Moody's Ratings (Moody's) has assigned a rating of Aa2 to Utah Housing Corporation, $101.79 million Single Family Mortgage Bonds, 2024 Series E (Non-AMT) and $155.845 million Single Family Mortgage Bonds, 2024 Series F (Federally Taxable). We are also maintaining Aa2 ratings on all outstanding Singl...

Range Resources Corporation: Update following affirmation of Ba2 CFR; ...

Significant gas hedges and liquids production will help produce free cash flow in 2024 despite low gas prices.

Reset: AGL CLO 9 Ltd.: New Issue Report

This new issue report provides a detailed rating rationale for the transaction.

White Pine County School District, NV: Update to credit analysis

Our credit view of this issuer reflects its strong reserves and liquidity compared to similarly rated peers, constrained by its substantial capital needs.

Moody's Ratings assigns Aa2 to University of Chicago's (IL) proposed r...

Moody's Ratings (Moody's) has assigned Aa2 ratings to University of Chicago, IL's (UC) proposed approximately $403 million of Taxable Fixed Rate Bonds, Series 2024B, $522 million of Revenue Bonds, The University of Chicago, Series 2024A and $454 million of Revenue Bonds, The University of Chicago, S...

Moody's Ratings downgrades Pitkin Co. School District 1 (Aspen), CO's ...

Moody's Ratings (Moody's) has downgraded Pitkin County School District 1 (Aspen), CO's issuer rating to Aa2 from Aa1. Moody's has also downgraded the district's general obligation unlimited tax (GOULT) bond ratings to Aa1 from Aaa. For fiscal 2023 (June 30 year-end), the district had about $122 mill...

LXP Industrial Trust: Update to credit analysis following ratings affi...

Our credit view of this issuer reflects its solid fixed charge coverage and well-laddered debt maturity schedule, against its modest size and high Net Debt/EBITDA.

ABS & RMBS Spotlight: April 2024 Edition

This edition highlights our recent research on key credit issues affecting the US and Canadian ABS and RMBS markets.

Regional SD 15 (Southbury & Middlebury), CT: Initial Rating

Our credit view of Regional SD 15, CT's conservative financial management, low leverage and strong member towns.

Twilio Inc.: Update to Credit Analysis

Our credit view of this issuer reflects its strong cash generating capability and its very strong liquidity with a solid net cash position, constrained by its potential acquisition activity.

Moody's Ratings assigns Aaa/VMIG 1 to Mississippi Home Corporation Mul...

Moody's Ratings (Moody's) has assigned  Aaa/VMIG 1 ratings to the proposed $8.5 million Mississippi Home Corporation Multifamily Housing Revenue Bonds (Woodcrest Apartments Project), Series 2024-1. RATINGS RATIONALE The Aaa long-term rating of this cash collateralized transaction is based on the...

Moody's Ratings affirms Rocket Mortgage's servicer quality (SQ) assess...

Moody's Ratings (Moody's) has affirmed the servicer quality (SQ) assessment for Rocket Mortgage, LLC ("Rocket Mortgage") at SQ2- as a primary servicer of prime residential mortgage loans. The company was founded in 1985 and is one of the largest overall US residential mortgage servicers. As of Dec...

Government of Niger: Loan agreement with China National Petroleum will...

The loan, collateralized by future oil revenue, helps clear accumulated arrears but limits Niger's fiscal and balance of payment benefits from new oil exports over the first year.

Moody's Ratings affirms Virginia Polytechnic Inst. & State Univ.'s (VA...

Moody's Ratings (Moody's) has affirmed Virginia Polytechnic Institute and State University, VA's (Virginia Tech) Aa1 issuer and revenue bond ratings and P-1 commercial paper program. Total debt outstanding is approximately $903 million as of fiscal year-end 2023. The outlook on the issuer and underl...

Cabrillo Unified School District, CA: Update to credit analysis

Our credit view of Cabrillo USD highlighting its improved financial position, attainment of basic aid status, elevated leverage and high resident income and wealth.

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