City of Glendale, AZ: Annual Comment on Glendale - Moody's Global Credit Research

City of Glendale, AZ: Annual Comment on Glendale

City of Glendale, AZ: Annual Comment on Glendale - Moody's Global Credit Research
City of Glendale, AZ: Annual Comment on Glendale
Published Sep 27, 2019
5 pages (2582 words) — Published Sep 27, 2019
Price US$ 200.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...

  
Report Type:

Issuer Comment

Issuer
Glendale (City of) AZ
Format:
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City of Glendale, AZ: Annual comment onGlendale - Issuer Comment – 2023/09/19 – US$ 200.00 – ...Economy Resident income ratio Median Household Income (MHI) for the city or county, adjusted for Regional Price Parity (RPP), as a % of the US MHI MHI: US Census Bureau - American Community Survey 5-Year Estimates RPP: US Bureau of Economic Analysis Full value Estimated market value of taxable property in the city or county State repositories; audited financial statements; continuing disclosures Population Population of the city or county US Census Bureau - American Community Survey 5-Year Estimates Full value per capita Full value / population Economic growth metric Five year CAGR of real GDP for Metropolitan Statistical Area or county minus the five-year CAGR of real GDP for the US Real GDP: US Bureau of Economic Analysis Financial performance Revenue Sum of revenue from total governmental funds, operating and non- operating revenue from total business-type activities, and non- operating revenue from internal services funds, excluding transfers and one-time revenue, e.g., bond proceeds...

Moody's upgrades Glendale, AZ's transportation excise tax bonds to A1; outlook stable - Rating Action – 2023/05/26 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

City of Glendale, AZ: Annual Comment on Glendale - Issuer Comment – 2021/08/09 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...

City of Glendale, AZ: Annual Comment on Glendale - Issuer Comment – 2020/09/30 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...

City of Glendale, AZ: Annual Comment on Glendale - Issuer Comment – 2018/08/02 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...

Glendale, AZ: Update - Moody's Upgrades Glendale, AZ's GOULT and General Excise Ratings to A1; Outlook Stable - Rating Update – 2017/04/11 – US$ 250.00 – ...Moody's Investors Service upgraded Glendale, Arizona's GOULT rating to A1 from A2 ($135.1 million of debt affected). At this time, Moody's also upgraded to A1 from A2 the city's senior and subordinate lien general excise tax bond ratings ($246.7 and $189.9 million of debt affected, respectively). The transportation excise tax bond rating was affirmed at A2 ($77.6 million of debt affected). The rating outlooks remain stable. The upgrade of the GOULT rating to A1 primarily reflects sustained improvement in the city's still modest financial position that benefits from positive economic trends and prudent management. The city's tax base continues to grow soundly amid the region's housing recovery. The city remains challenged by outsized fixed costs given a high debt burden that significantly leverages excise taxes otherwise available for critical services, along with rising pension costs. The upgrades to A1 for all of the general excise tax ratings primarily reflects the city's sound economic...

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MLA:
Moody's Global Credit Research. "City of Glendale, AZ: Annual Comment on Glendale" Sep 27, 2019. Alacra Store. Jul 23, 2024. <http://www.alacrastore.com/moodys-credit-research/City-of-Glendale-AZ-Annual-Comment-on-Glendale-PBM_1189210>
  
APA:
Moody's Global Credit Research. (). City of Glendale, AZ: Annual Comment on Glendale Sep 27, 2019. New York, NY: Alacra Store. Retrieved Jul 23, 2024 from <http://www.alacrastore.com/moodys-credit-research/City-of-Glendale-AZ-Annual-Comment-on-Glendale-PBM_1189210>
  
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