Research & Ratings: Sub-Sovereign - Moody's
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  • On 24 May 2012, Moody’s announced rating actions on a number of Norwegian and Swedish financial institutions and affected credits across several asset classes. Because of the large number of rating changes resulting from these actions, ratings appearing on this website may not yet reflect current information. For current information on banking credits, please visit the Bank Ratings 2012 Topic Page. For current information on European credits, please visit the EU Sovereign Crisis and Affected Credits Topic Page.
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Sub-Sovereign

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Credit ratings, research and analysis on regional and local governments as well as on a wide array of public-sector entities with specialized mandates in both the developed and emerging markets, including mass transportation, health care, water systems, social housing, higher education, and charity trusts.

Highlights

  • 17 May 2012
    • 4 Spanish regions downgrade; Valencia and Castilla-La Mancha ratings confirms
      The downgrades of the Spanish regions of Catalunya, Murcia, Andalucia, and Extremadura were due to their poor fiscal performance in 2011 and the low probability that the regional governments will be able to meet the 2012 deficit target set by the central government. All of the affected regions carry negative outlooks in line with the negative outlook carried by Spain’s A3 sovereign bond rating...Press Release
  • 16 May 2012
    • Aa1 rating assigned to De Montfort University
      The rating reflects its good market position in Health and Life Sciences and distinction as a national leader in the Creative Arts, the various measures it is taking to maintain and improve this position and its improving financial performance. However, it is constrained by DMU's planned increase in long-term debt and the relatively short track record of its improved governance... Press Release
  • 26 Apr 2012
    • Ontario's rating to Aa2 from Aa1; outlook changed to stable
      The downgrade of the province affects CAD202 billion in debt securities and reflects the growing debt burden and risk of the province not achieving its medium-term fiscal plan. This is due to the subdued growth outlook, the extended timeframe needed to bring the provincial budget back into balance, and its ambitious expenditure targets...Press Release
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  DateDocument TypeTitleIssuer/Entity
25 May 2012 Rating Update Moody's affirms Aa1/VMIG 1 ratings assigned to Massachusetts' $200 million variable rate General Obligation Bonds, Series 2006B Massachusetts (Commonwealth of)
25 May 2012 Announcement Moody's affirms Aa1/VMIG 1 ratings assigned to Massachusetts' $200 million variable rate General Obligation Bonds, Series 2006B Massachusetts (Commonwealth of)
25 May 2012 Credit Opinion Export Credit Bank of Turkey A.S. Export Credit Bank of Turkey A.S.
24 May 2012 Rating Action Moody's modifica a la baja la calificación de Ixtapaluca a Baa3.mx, perspectiva negativa. Sin afectación la calificación de A2.mx del crédito por MXN 120 millones Ixtapaluca, Municipality of
24 May 2012 Rating Action Moody's downgrades Ixtapaluca's rating to Baa3.mx, negative outlook. Rating of MXN 120 million loan unaffected at A2.mx Ixtapaluca, Municipality of
24 May 2012 Analysis Zdar nad Sazavou, City of (Czech translation) Zdar nad Sazavou, City of
24 May 2012 Rating Update Moody's affirms Aa1/VMIG 1 ratings assigned to Massachusetts' $75.6 million variable rate General Obligation Bonds, Series 2000B Massachusetts (Commonwealth of)
24 May 2012 Announcement Moody's affirms Aa1/VMIG 1 ratings assigned to Massachusetts' $75.6 million variable rate General Obligation Bonds, Series 2000B Massachusetts (Commonwealth of)
24 May 2012 Special Comment Rhode Island's Moral Obligation Supports 38 Studios Economic Development Bonds
24 May 2012 Credit Opinion Ottawa, City of Ottawa, City of
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