Martins Ferry Metropolis College District, OH — Moody’s upgrades Martins Ferry CSD, OH’s GO to A1 from A2; assigns A1 issuer ranking

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Score Motion: Moody’s upgrades Martins Ferry CSD, OH’s GO to A1 from A2; assigns A1 issuer ratingGlobal Credit score Analysis – 17 Feb 2021New York, February 17, 2021 — Moody’s Traders Service has assigned an preliminary A1 issuer ranking to Martins Ferry Metropolis College District, OH. Moody’s additionally upgraded the district’s excellent common obligation limitless tax (GOULT) bonds to A1 from A2 and certificates of participation (COPs) to A2 from A3. This motion concludes a assessment for doable improve initiated on January 26, 2021 together with the discharge of the US Okay-12 Public College Districts methodology. The motion impacts $6.9 million in Moody’s rated GOULT bonds and $10.7 million in Moody’s rated COPs.RATINGS RATIONALEThe A1 issuer ranking, which displays the district’s common credit score high quality and skill to repay debt and debt-like obligations, incorporates the district’s reserves and liquidity that can stay robust for the following a number of years. Resident incomes and per capita wealth are considerably beneath common. Complete leverage is above common whereas fastened prices are manageable.The A1 GOULT is equal to the A1 issuer ranking given the district’s full religion and credit score with authority to lift advert valorem property taxes limitless as to fee or quantity.The A2 COPs ranking is one notch decrease than the final obligation ranking to replicate the chance related to annual appropriation of lease rental funds by the college district balanced in opposition to the extra important nature of the financed challenge (faculty services).RATING OUTLOOKMoody’s doesn’t normally assign outlooks to native governments with this quantity of debt.FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS- Enhancements in resident wealth and incomes- Sustained decline in leverageFACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS- Giant attracts on fund steadiness or liquidity- Sustained enrollment declines- Improve in leverage or fastened costsLEGAL SECURITYThe district’s common obligation bonds are secured by its full religion and credit score and pledge to levy limitless advert valorem property taxes.The COPs are secured by the Board of Training’s pledge to make annual hire funds pursuant to a lease buy settlement, topic to annual appropriation.PROFILEMartins Ferry Metropolis College District is in Belmont County (Aa3) simply throughout the Ohio River from West Virginia (Aa2 secure). The district serves a inhabitants of roughly 10,500 and enrolls about 1,400 college students within the 2020-2021 faculty 12 months.METHODOLOGYThe principal methodology utilized in these rankings was US Okay-12 Public College Districts Methodology printed in January 2021 and accessible at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1202421. Alternatively, please see the Score Methodologies web page on www.moodys.com for a duplicate of this technique.REGULATORY DISCLOSURESFor additional specification of Moody’s key ranking assumptions and sensitivity evaluation, see the sections Methodology Assumptions and Sensitivity to Assumptions within the disclosure type. Moody’s Score Symbols and Definitions might be discovered at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For rankings issued on a program, collection, class/class of debt or security this announcement gives sure regulatory disclosures in relation to every ranking of a subsequently issued bond or word of the identical collection, class/class of debt, security or pursuant to a program for which the rankings are derived solely from current rankings in accordance with Moody’s ranking practices. For rankings issued on a help supplier, this announcement gives sure regulatory disclosures in relation to the credit standing motion on the help supplier and in relation to every explicit credit standing motion for securities that derive their credit score rankings from the help supplier’s credit standing. For provisional rankings, this announcement gives sure regulatory disclosures in relation to the provisional ranking assigned, and in relation to a definitive ranking that could be assigned subsequent to the ultimate issuance of the debt, in every case the place the transaction construction and phrases haven’t modified previous to the project of the definitive ranking in a fashion that may have affected the ranking. For additional data please see the rankings tab on the issuer/entity web page for the respective issuer on www.moodys.com.Regulatory disclosures contained on this press launch apply to the credit standing and, if relevant, the associated ranking outlook or ranking assessment.Moody’s common ideas for assessing environmental, social and governance (ESG) dangers in our credit score evaluation might be discovered at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1243406.Please see www.moodys.com for any updates on modifications to the lead ranking analyst and to the Moody’s authorized entity that has issued the ranking.Please see the rankings tab on the issuer/entity web page on www.moodys.com for added regulatory disclosures for every credit standing. Daniel Kowalski Lead Analyst Regional PFG Chicago Moody’s Traders Service, Inc. 100 N Riverside Plaza Suite 2220 Chicago 60606 US JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 Eric Harper Extra Contact Regional PFG Chicago JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 Releasing Workplace: Moody’s Traders Service, Inc. 250 Greenwich Road New York, NY 10007 U.S.A JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 © 2021 Moody’s Company, Moody’s Traders Service, Inc., Moody’s Analytics, Inc. and/or their licensors and associates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. 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Due to the opportunity of human or mechanical error in addition to different components, nevertheless, all data contained herein is offered “AS IS” with out guarantee of any form. MOODY’S adopts all needed measures in order that the knowledge it makes use of in assigning a credit standing is of enough high quality and from sources MOODY’S considers to be dependable together with, when acceptable, unbiased third-party sources. Nonetheless, MOODY’S will not be an auditor and can’t in each occasion independently confirm or validate data obtained within the ranking course of or in getting ready its Publications.To the extent permitted by regulation, MOODY’S and its administrators, officers, staff, brokers, representatives, licensors and suppliers disclaim legal responsibility to any individual or entity for any oblique, particular, consequential, or incidental losses or damages in anyway arising from or in reference to the knowledge contained herein or the usage of or incapacity to make use of any such data, even when MOODY’S or any of its administrators, officers, staff, brokers, representatives, licensors or suppliers is suggested upfront of the opportunity of such losses or damages, together with however not restricted to: (a) any lack of current or potential income or (b) any loss or injury arising the place the related monetary instrument will not be the topic of a specific credit standing assigned by MOODY’S.To the extent permitted by regulation, MOODY’S and its administrators, officers, staff, brokers, representatives, licensors and suppliers disclaim legal responsibility for any direct or compensatory losses or damages precipitated to any individual or entity, together with however not restricted to by any negligence (however excluding fraud, willful misconduct or every other kind of legal responsibility that, for the avoidance of doubt, by regulation can’t be excluded) on the a part of, or any contingency inside or past the management of, MOODY’S or any of its administrators, officers, staff, brokers, representatives, licensors or suppliers, arising from or in reference to the knowledge contained herein or the usage of or incapacity to make use of any such data.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Traders Service, Inc., a wholly-owned credit standing company subsidiary of Moody’s Company (“MCO”), hereby discloses that almost all issuers of debt securities (together with company and municipal bonds, debentures, notes and industrial paper) and most popular inventory rated by Moody’s Traders Service, Inc. have, previous to project of any credit standing, agreed to pay to Moody’s Traders Service, Inc. for credit score rankings opinions and companies rendered by it charges starting from $1,000 to roughly $5,000,000. MCO and Moody’s Traders Service additionally preserve insurance policies and procedures to handle the independence of Moody’s Traders Service credit score rankings and credit standing processes. Info concerning sure affiliations which will exist between administrators of MCO and rated entities, and between entities who maintain credit score rankings from Moody’s Traders Service and have additionally publicly reported to the SEC an possession curiosity in MCO of greater than 5%, is posted yearly at www.moodys.com below the heading “Investor Relations — Company Governance — Director and Shareholder Affiliation Coverage.”Extra phrases for Australia solely: Any publication into Australia of this doc is pursuant to the Australian Monetary Companies License of MOODY’S affiliate, Moody’s Traders Service Pty Restricted ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as relevant). This doc is meant to be offered solely to “wholesale purchasers” inside the that means of part 761G of the Companies Act 2001. By persevering with to entry this doc from inside Australia, you characterize to MOODY’S that you’re, or are accessing the doc as a consultant of, a “wholesale consumer” and that neither you nor the entity you characterize will instantly or not directly disseminate this doc or its contents to “retail purchasers” inside the that means of part 761G of the Companies Act 2001. MOODY’S credit standing is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the fairness securities of the issuer or any type of security that’s accessible to retail buyers.Extra phrases for Japan solely: Moody’s Japan Okay.Okay. (“MJKK”) is a wholly-owned credit standing company subsidiary of Moody’s Group Japan G.Okay., which is wholly-owned by Moody’s Abroad Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan Okay.Okay. (“MSFJ”) is a wholly-owned credit standing company subsidiary of MJKK. MSFJ will not be a Nationally Acknowledged Statistical Score Group (“NRSRO”). Due to this fact, credit score rankings assigned by MSFJ are Non-NRSRO Credit score Rankings. Non-NRSRO Credit score Rankings are assigned by an entity that’s not a NRSRO and, consequently, the rated obligation won’t qualify for sure forms of therapy below U.S. legal guidelines. MJKK and MSFJ are credit standing companies registered with the Japan Monetary Companies Company and their registration numbers are FSA Commissioner (Rankings) No. 2 and three respectively.MJKK or MSFJ (as relevant) hereby disclose that almost all issuers of debt securities (together with company and municipal bonds, debentures, notes and industrial paper) and most popular inventory rated by MJKK or MSFJ (as relevant) have, previous to project of any credit standing, agreed to pay to MJKK or MSFJ (as relevant) for credit score rankings opinions and companies rendered by it charges starting from JPY125,000 to roughly JPY550,000,000.MJKK and MSFJ additionally preserve insurance policies and procedures to handle Japanese regulatory necessities. ​

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