Clayton County Housing Authority, Georgia, Multifamily Housing Revenue Bonds, (Forest Club Estates Project), Series 2003-A & 2003-B (Taxable), $11.88MM Credit Rating

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Date	Document Type	Title	Source
12 Nov 2019	Sector Profile	Military housing – US: Medians: Strong demand and debt service coverage maintain financial stability	Moody's Investors Service
01 Aug 2019	Sector Comment	State government – Kentucky: Pension relief and buyout options for certain governmental entities are credit negative for the state	Moody's Investors Service
08 May 2019	Median Reports	Privatized student housing - US: Medians - Number of stressed P3 projects increases, though sector is solid overall	Moody's Investors Service
09 Apr 2019	Median Reports	Housing finance agencies – US: Medians – Multifamily loan programs deliver solid performance	Moody's Investors Service
27 Feb 2019	Sector Comment	Public housing authorities - US: Increased federal funding to bolster capital fund bond programs	Moody's Investors Service
11 Feb 2019	Sector In-Depth	Local government - Connecticut: Financially strained municipalities face continuing fiscal challenges	Moody's Investors Service
24 Jan 2019	Sector Comment	Public finance - District of Columbia, Maryland and Virginia: DC region, usually buttressed by federal presence, bears brunt of shutdown	Moody's Investors Service
23 Jan 2019	Sector In-Depth	Military housing - US: Strong increase in 2019 Basic Allowance for Housing is positive for project financings	Moody's Investors Service
17 Jan 2019	Sector Comment	Local government - New York: Ruling in casino revenue-sharing case is credit positive for several Western New York cities	Moody's Investors Service
07 Nov 2018	Sector Comment	State government - US: Approved ballot measures restrict states' fiscal flexibility, a credit negative	Moody's Investors Service
07 Nov 2018	Sector Comment	State government - US: Voters show mixed support for higher state taxes to fund transportation and schools	Moody's Investors Service
25 Oct 2018	Sector In-Depth	Military housing - US: Medians - Debt service coverage drops but financial profile remains healthy	Moody's Investors Service
03 Oct 2018	Sector In-Depth	Housing Financing Agencies - US: Growth in senior population will favorably impact HFA multifamily programs	Moody's Investors Service
29 Aug 2018	Sector Comment	Cross-sector - Hawaii: Hawaii escapes negative effects of Hurricane Lane	Moody's Investors Service
14 Aug 2018	Sector Comment	Military housing - US: US defense bill will boost funding for privatized military housing projects, a credit positive	Moody's Investors Service
20 Apr 2018	Sector In-Depth	Housing finance agencies - US: Medians – Continued growth and stability from multifamily loan programs	Moody's Investors Service
04 Apr 2018	Sector Comment	Public housing authorities - US: Substantial increase in federal funding is credit positive for sector	Moody's Investors Service
31 Jan 2018	Sector Comment	Municipal supported products - US: Municipal VRDB issuers continue to benefit from a diversified investor base	Moody's Investors Service
24 Jan 2018	Sector In-Depth	Military housing - US: Lackluster housing allowance increase will not immediately weaken credit quality for most projects' financings	Moody's Investors Service
21 Dec 2017	Sector Comment	Military Housing: Small increase in housing allowance is credit negative for military housing	Moody's Investors Service
20 Nov 2017	Sector In-Depth	Military Housing - US: Projects continue to yield favorable financial results	Moody's Investors Service
19 Oct 2017	Sector In-Depth	Tax Credits: HFAs are well-positioned to retain affordability of multifamily properties	Moody's Investors Service
14 Sep 2017	Sector Comment	Healthcare, higher education, housing, state revolving funds - Florida: Hurricane Irma's immediate credit effects limited, liquidity to drive long-term impact	Moody's Investors Service
15 May 2017	Sector In-Depth	Local Housing Finance Agencies – US: Pace of Interest Rate Hikes Not Enough to Stem Local Housing Bond Insufficiencies	Moody's Investors Service
08 Mar 2017	Sector Comment	Privatized Military Housing - US: Increasing Home Prices Will Strengthen Oahu's Privatized Military Housing Projects	Moody's Investors Service
25 Jan 2017	Sector In-Depth	Privatized Military Housing - US: Projects to Benefit from Basic Allowance for Housing in 2017 as Others Take a Hit	Moody's Investors Service
17 Nov 2016	Sector In-Depth	Privatized Military Housing - US: Expense Cuts and Tenant Waterfall Boost Financial Performance	Moody's Investors Service
10 Nov 2016	Sector Comment	Passage of California Hospital Fee Proposition is Credit Positive for Hospitals and the State	Moody's Investors Service
10 Nov 2016	Sector Comment	California Voters Say Yes to Bond Issuance for School Construction, Credit Positive for Schools	Moody's Investors Service
10 Nov 2016	Sector Comment	Pension Reform Measures Pass in Dallas, TX and San Jose, CA, Credit Positive for Both Cities	Moody's Investors Service
31 Oct 2016	Sector In-Depth	Infrastructure, Autos, State Government - California : Electric Car Growth Boosts Utilities; Mixed Implications for Autos and State Finances	Moody's Investors Service
28 Oct 2016	Sector Comment	Growing Number of Massachusetts Communities Battle Tax Levy Ceilings, a Credit Negative	Moody's Investors Service
15 Sep 2016	Sector Comment	Connecticut's Landmark Court Decision on School Funding Looks to Benefit Financially Troubled Cities	Moody's Investors Service
23 Jun 2016	Sector Comment	Large Premium Increases Are Credit Negative for US Multiemployer Pension Plan Sponsors	Moody's Investors Service
16 Jun 2016	Sector Comment	California Election Results Demonstrate Strong Voter Support for Tax Increases	Moody's Investors Service
09 Jun 2016	Sector Comment	Federal Reserve Seeks Comment on Proposed Insurance Regulation, a Credit Positive	Moody's Investors Service
04 May 2016	Sector In-Depth	Moody’s Public Finance Housing Rating Methodology Handbook	Moody's Investors Service
02 May 2016	Sector Comment	Illinois' Stopgap Higher Education Funding Bill Is Credit Positive, but Funding Challenges Persist	Moody's Investors Service
22 Apr 2016	Sector Comment	California Teacher Pension Fund to Reduce Asset Volatility by Decreasing Public Equity Exposure	Moody's Investors Service
14 Apr 2016	Sector In-Depth	Housing Finance Agencies - US: Medians - Surging Multifamily Rental Demand Bolsters Financial Operations	Moody's Investors Service
18 Mar 2016	Sector Comment	California's West Contra Costa School District Settles Lawsuit on Sharing Parcel Tax Revenues with Charter Schools	Moody's Investors Service
04 Mar 2016	Sector In-Depth	Higher Education - US: Illinois Public Universities Feel the Liquidity Strain of the State's Budget Impasse	Moody's Investors Service
25 Feb 2016	Sector Comment	US Treasury Department Funding Release a Credit Positive for State Housing Finance Agencies	Moody's Investors Service
08 Feb 2016	Sector Comment	Honolulu, Hawaii, Extends Tax to Support Critical Light Rail Project, a Credit Positive	Moody's Investors Service
04 Feb 2016	Sector In-Depth	US Military Housing: When a Higher BAH is Too Much of a Good Thing	Moody's Investors Service
28 Jan 2016	Sector In-Depth	US Privatized Military Housing: Basic Allowance for Housing to Benefit Military Housing Projects in 2016	Moody's Investors Service
06 Jan 2016	Sector Comment	U.S. Public Housing Authorities: Flat Capital Appropriations in 2016 Continue to Support Public Housing Authority Capital Fund Bonds in the Near Term	Moody's Investors Service
14 Dec 2015	Sector Comment	Illinois' Release of Revenues Is Credit Positive for Chicago and Other Local Governments	Moody's Investors Service
10 Dec 2015	Sector Comment	Kentucky Lowers Investment Return Assumption for Severely Underfunded Pension Plans, a Positive for the State	Moody's Investors Service
07 Dec 2015	Sector Comment	Ten Storm-Free Years Boost Florida's Claims-Paying Resources for Hurricane Catastrophes	Moody's Investors Service

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