City of Tampa, FL: Update to credit analysis - Moody's Global Credit Research

City of Tampa, FL: Update to credit analysis

City of Tampa, FL: Update to credit analysis - Moody's Global Credit Research
City of Tampa, FL: Update to credit analysis
Published Nov 30, 2023
10 pages (4787 words) — Published Nov 30, 2023
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...The City of Tampa, Florida (Aa1 issuer rating) is the hub of a strong regional economy that is attracting new development, jobs, and residents to the area. Following the city's latest issuance as part of its five year capital improvement program long-term liabilities have increased modestly relative to revenue. However, the city's robust financial policies have ensured that cash and fund balances remain substantial. Moody's anticipates that the city's robust economic growth, coupled with its prudent financial and capital planning strategies, will effectively offset the risks associated with additional borrowing....

  
Report Type:

Credit Opinion

Company:
Issuer
Tampa (City of) FL
Format:
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Moody's assigns Aa2 to Tampa, FL's Stormwater Assessment Bonds, Ser. 2023 - Rating Action – 2023/10/04 – 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 Tampa, FL:Annual comment onTampa - Issuer Comment – 2023/07/10 – 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 assigns Aaa to Tampa's (FL) Water and Wastewater Systems Rev. Bonds, Ser. 2022; outlook stable - Rating Action – 2022/05/18 – 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...

Tampa (City of) FL: Update to credit analysis - Credit Opinion – 2021/11/15 – US$ 250.00 – ...The City of Tampa, Florida (Aa1 issuer rating) benefits from its role as a major economic hub, a factor that will continue to help attract new development, jobs, and residents to the area. While the coronavirus pandemic and related economic slowdown caused a modest drop in some of the city's revenue streams, the impact was relatively short lived and the city was still able to add to fund balance in both fiscal 2020 (ending September 30) and fiscal 2021. The city's debt burden is currently moderate, though a sizeable five-year capital improvement plan will likely require a substantial amount of new borrowing over this time. Moody's expects the city's strong economic momentum and prudent financial and capital planning will help mitigate these additional borrowing plans....

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "City of Tampa, FL: Update to credit analysis" Nov 30, 2023. Alacra Store. May 02, 2024. <http://www.alacrastore.com/moodys-credit-research/City-of-Tampa-FL-Update-to-credit-analysis-PBM_1375347>
  
APA:
Moody's Global Credit Research. (). City of Tampa, FL: Update to credit analysis Nov 30, 2023. New York, NY: Alacra Store. Retrieved May 02, 2024 from <http://www.alacrastore.com/moodys-credit-research/City-of-Tampa-FL-Update-to-credit-analysis-PBM_1375347>
  
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