Moody's assigns Aa3 to Pendergast ESD 92, AZ's Series B (2023) School Improvement Bonds

Maricopa County SD 92 (Pendergast Elementary), AZ: Update following upgrade of issuer rating to Aa3 from A1 - Credit Opinion – 2024/02/15 – US$ 250.00 – ...Pendergast Elementary School District 92 (Aa3 issuer; Aa2 GOULT) AZ's credit profile reflects the district's growing tax base that is poised for continued growth over the near term driving increases in the district's full value per capita levels. Resident income remains average. The district's solid financial performance is likely to continue, supported by the district's conservative budgeting. The district has a demonstrated track record of maintaining healthy finances despite declining enrollment over the last several years. Enrollment saw a slight increase in fiscal 2023 and is likely to stabilize or see slight increases with ongoing residential development within the district. On Feb. 14, 2024, Moody's upgraded the district's issuer rating to Aa3 from A1 and the general obligation unlimited tax (GOULT) rating to Aa2 from Aa3....

Moody's upgrades Pendergast ESD 92, AZ's issuer rating to Aa3 from A1 and GOULT to Aa2 from Aa3 - Rating Action – 2024/02/14 – 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...

Maricopa County SD 92 (Pendergast Elementary), AZ: Update to credit analysis - Credit Opinion – 2023/01/30 – US$ 250.00 – ...Pendergast Elementary School District 92, AZ (A1 issuer rating; Aa3 GOULT) benefits from a growing local economy in the greater Phoenix metro area and a solid, improved financial position, supported by conservative fiscal management. Declining enrollment, due to declining school age children and charter competition, is an ongoing challenge that may increasingly pressure finances. However, management has been able to manage expenditures and ongoing residential development within the district is expected to stabilize enrollment going forward. The district has average resident income and below average property wealth. Total leverage is elevated, yet fixed costs are manageable with rapid debt payout....

Maricopa County SD 92 (Pendergast Elementary), AZ: Update to credit analysis - Credit Opinion – 2022/03/24 – US$ 250.00 – ...Sources: US Census Bureau, Maricopa Cnty S.D. 92 (Pendergast Elem.), AZ's financial statements and Moody's Investors Service...

Moody's assigns Aa3 to Pendergast ESD 92, AZ's Series 2022 School Improvement Bonds - Rating Action – 2022/03/23 – 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...

Maricopa County School District 92 (Pendergast Elementary), AZ: Update to credit analysis - Credit Opinion – 2021/03/09 – US$ 250.00 – ...Sources: US Census Bureau, Maricopa Cnty S.D. 92 (Pendergast Elem.), AZ's financial statements and Moody's Investors Service...

Moody's assigns Aa3 to Pendergast ESD 92, AZ's School Improvement Bonds, Project of 2016 Series E (2021) - Rating Action – 2021/03/08 – 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...

Maricopa County SD 92 (Pendergast Elementary), AZ: Annual Comment on Pendergast ESD - Issuer Comment – 2020/11/18 – US$ 200.00 – ... data sources; Offering statements; Moody's Investors Service EXHIBIT 4...