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
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
16 Jun 2016	Sector Comment	California Election Results Demonstrate Strong Voter Support for Tax Increases	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
04 Dec 2015	Sector Comment	California's Projected Growth in Education Funding Is Credit Positive for School and Community College Districts	Moody's Investors Service
24 Nov 2015	Sector Comment	US Mass Transit: Federal Funds for Hudson Tunnel Program to Benefit New York/New Jersey Regional Economy	Moody's Investors Service
09 Nov 2015	Sector Comment	Georgia Supreme Court Ruling in Favor of Atlanta's Pension Reform Is Credit Positive	Moody's Investors Service
09 Oct 2015	Sector Comment	California Schools on Military Bases Leverage $240 Million in Federal Funding	Moody's Investors Service
05 Oct 2015	Sector Comment	Alaska Loses Indirect Benefits as Shell Ends Drilling and Exploration	Moody's Investors Service
14 Sep 2015	Special Comment	US P&C Reserves: Personal Auto Decelerates, Commercial Auto in Reverse	Moody's Investors Service
03 Sep 2015	Sector Comment	Quickening Pace of California Water Conservation Will Help Preserve Supply And Stave Off Additional Restrictions	Moody's Investors Service
18 Aug 2015	Special Comment	US Public Finance: Bank Counterparty Risk Assessments Lead to 1,769 Upgrades for Letter-of-Credit Backed Transactions	Moody's Investors Service
04 Aug 2015	Sector Comment	Oregon Extends Drought Declaration, a Credit Positive for Affected Local Governments	Moody's Investors Service
16 Jul 2015	Sector Comment	IBM's Investment in New York's Hudson Valley Is Modestly Credit Positive for the Region	Moody's Investors Service
29 Jun 2015	Sector Comment	Jacksonville, Florida, Approves Credit-Positive Pension Reforms	Moody's Investors Service
25 Jun 2015	Sector Comment	Insurance - U.S.: Insurers’ Access to Federal Home Loan Banks Lending Capacity is Credit Positive	Moody's Investors Service

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