Glendale, AZ: New Issue - Moody's Assigns A1 to Glendale, AZ's 2017 Sub. Excise Bonds - Moody's Global Credit Research

Glendale, AZ: New Issue - Moody's Assigns A1 to Glendale, AZ's 2017 Sub. Excise Bonds

Glendale, AZ: New Issue - Moody's Assigns A1 to Glendale, AZ's 2017 Sub. Excise Bonds - Moody's Global Credit Research
Glendale, AZ: New Issue - Moody's Assigns A1 to Glendale, AZ's 2017 Sub. Excise Bonds
Published May 18, 2017
Published May 18, 2017
Price US$ 750.00  |  Buy this Report Now

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Report Type:

New Issue

Issuer
Glendale (City of) AZ
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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 – 2019/09/27 – 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. "Glendale, AZ: New Issue - Moody's Assigns A1 to Glendale, AZ's 2017 Sub. Excise Bonds" May 18, 2017. Alacra Store. Jul 23, 2024. <http://www.alacrastore.com/moodys-credit-research/Glendale-AZ-New-Issue-Moody-s-Assigns-A1-to-Glendale-AZ-s-2017-Sub-Excise-Bonds-PBM_1070961>
  
APA:
Moody's Global Credit Research. (). Glendale, AZ: New Issue - Moody's Assigns A1 to Glendale, AZ's 2017 Sub. Excise Bonds May 18, 2017. New York, NY: Alacra Store. Retrieved Jul 23, 2024 from <http://www.alacrastore.com/moodys-credit-research/Glendale-AZ-New-Issue-Moody-s-Assigns-A1-to-Glendale-AZ-s-2017-Sub-Excise-Bonds-PBM_1070961>
  
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