Georgia Municipal Gas Authority, Gas Revenue Bonds (Gas Portfolio III Project), Series A, $121M Credit Rating

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Date	Document Type	Title	Source
13 Nov 2019	Sector In-Depth	Airports and airlines – US: Leverage to fund airport capital expansion plans to reach new, but manageable, high	Moody's Investors Service
07 Nov 2019	Outlook	Regulated electric and gas utilities – US: 2020 outlook moves to stable on supportive regulation, weaker but steady credit metrics	Moody's Investors Service
31 Oct 2019	Sector Comment	Regulated electric utilities – California: Customer bill credits after power shutoffs signal weakening political support	Moody's Investors Service
28 Oct 2019	Sector Comment	ESG - California: Public safety power shutoffs highlight links between environmental and social risks	Moody's Investors Service
21 Oct 2019	Sector In-Depth	ESG – Europe and US: Companies' climate-related disclosures seldom reveal potential financial impact	Moody's Investors Service
10 Oct 2019	Sector In-Depth	Financial Stability – US: Financial conditions weaken, as market and fundamental signals deteriorate	Moody's Investors Service
09 Oct 2019	Sector In-Depth	Power generation projects – US: Refinancing prospects for merchant coal generators wane due to rising investor ESG concerns and high leverage	Moody's Investors Service
08 Oct 2019	Default Report	Default Trends – Global: September 2019 Default Report	Moody's Investors Service
07 Oct 2019	Sector In-Depth	Power generation projects – Texas: Improving ERCOT market fundamentals bode well for merchant generators	Moody's Investors Service
26 Sep 2019	Sector In-Depth	Electric utilities and power producers – US: Power companies on pace to reduce CO2 emissions	Moody's Investors Service
24 Sep 2019	Sector In-Depth	Airports – US: Fixed revenue, strong DSCRs will fortify US airports through a mild recession	Moody's Investors Service
24 Sep 2019	Sector In-Depth	Infrastructure & Project Finance — Texas: Texas transportation issuers benefit from growth but expansions have big price tags	Moody's Investors Service
18 Sep 2019	Sector In-Depth	Regulated electric and gas utilities – US: Recent regulatory, legislative developments have been largely credit positive	Moody's Investors Service
11 Sep 2019	Sector In-Depth	Corporate boards – North America: Gender diversity is correlated with higher ratings, but mandates pose short-term risk	Moody's Investors Service
19 Aug 2019	Sector Comment	Cross-Sector – United States: Delaying FASB rule start date will hinder comparability – a credit negative	Moody's Investors Service
06 Aug 2019	Sector In-Depth	Regulated electric utilities – US: FAQ on the credit implications of California's new wildfire law	Moody's Investors Service
01 Aug 2019	Sector Comment	Power Generation Projects – United States: Regulatory order delaying PJM capacity auction is credit negative for merchant power projects	Moody's Investors Service
18 Jul 2019	Sector In-Depth	Cross-Sector - US: US financial conditions remain steady but business confidence continues to sag	Moody's Investors Service
10 Jul 2019	Sector Comment	Regulated electric utilities – US: Proposed California wildfire risk legislation is credit positive but questions remain	Moody's Investors Service
10 Jul 2019	Sector In-Depth	Electric and gas – US: Pipeline cybersecurity standards help plug security loophole in utility supply chain	Moody's Investors Service
02 Jul 2019	Sector Comment	Regulated electric utilities – US: New Florida law requiring storm-hardening measures is credit positive for utilities	Moody's Investors Service
27 Jun 2019	Sector In-Depth	Power generation – US: Nuclear zero emission credits reduce carbon transition risk but change market dynamics	Moody's Investors Service
26 Jun 2019	Sector Comment	Power Generation Projects – United States: Finalization of Affordable Clean Energy rule does not ease carbon transition risk for merchant coal projects	Moody's Investors Service
12 Jun 2019	Sector Comment	Infrastructure & Project Finance – US: PG&E bankruptcy court declares sole jurisdiction, a credit negative for power suppliers	Moody's Investors Service
12 Jun 2019	Sector In-Depth	Power generation – US: FAQ on the economics of renewable energy, battery storage and fossil-fuel power plants	Moody's Investors Service
05 Jun 2019	Sector In-Depth	Cross-Sector – US: FAQ on the credit impact of hurricanes on US-based issuers	Moody's Investors Service
04 Jun 2019	Sector Comment	Electric utilities – US: Limiting utility liabilities looms large after release of SB 901 Commission draft report	Moody's Investors Service
13 May 2019	Sector Comment	Trade - US and China: Increased US tariffs to weigh on economic growth in China and the rest of Asia	Moody's Investors Service
02 May 2019	Sector Comment	Sovereign - US: US expansion is continuing but credit conditions are becoming less supportive	Moody's Investors Service
22 Apr 2019	Sector In-Depth	Water-related projects - US: PPP water and wastewater infrastructure sector shows signs of activity	Moody's Investors Service
15 Apr 2019	Sector Comment	Regulated electric utilities – US: California wildfire strike force report is credit positive, but details are still pending	Moody's Investors Service
15 Apr 2019	Sector In-Depth	Electric and Gas Utilities - US: California utilities struggle with inverse condemnation exposure	Moody's Investors Service
04 Apr 2019	Sector Comment	Sovereign – US: FAQ: The next US recession	Moody's Investors Service
03 Apr 2019	Sector In-Depth	Electric Utilities - US: Potential remedies to reduce California fire risk face competing interests	Moody's Investors Service
01 Apr 2019	Sector In-Depth	Infrastructure & Project Finance - US: PG&E PPA contracts: To reject or not reject	Moody's Investors Service
18 Mar 2019	Sector In-Depth	The State of the US Consumer (Q1 2019 Update) (Presentation)	Moody's Investors Service
13 Mar 2019	Sector In-Depth	Regulated water utilities - US: M&A expands to cross-sector deals, with mixed credit implications for acquirers	Moody's Investors Service
08 Mar 2019	Sector In-Depth	Public finance - US: Rating revisions: Upgrades top downgrades for fourth straight year in 2018	Moody's Investors Service
28 Feb 2019	Sector In-Depth	Regulated Utilities and Power - US: PG&E bankruptcy highlights environmental, social and governance risks in California	Moody's Investors Service
27 Feb 2019	Sector In-Depth	Cross-Sector: Accounting Spotlight: Misplaced operating cash flow	Moody's Investors Service
22 Feb 2019	Sector Comment	Cross-Sector – China: Level playing field pledges have little near-term credit impact, could be positive for government, business in long run	Moody's Investors Service
21 Feb 2019	Sector Comment	Cross-Sector: Accounting Spotlight: What to look for in 2018 corporate 10-Ks	Moody's Investors Service
31 Jan 2019	Sector Comment	P&C Insurance - US: PG&E's bankruptcy likely to lower lawsuit recoveries and generate liability losses	Moody's Investors Service
30 Jan 2019	Sector Comment	Power Generation Projects and Power Companies - US: PG&E bankruptcy contagion impacts selected commodity suppliers	Moody's Investors Service
25 Jan 2019	Sector Comment	Cross-Sector - Global: The pace of monetary policy normalization will likely slow in 2019	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
18 Jan 2019	Sector Comment	Public-private partnerships and higher education - US: Project risks will vary widely as universities accelerate replacement of utility facilities	Moody's Investors Service
24 Dec 2018	Sector Comment	Infrastructure & Project Finance - Canada: Ontario's rating downgrade to have limited credit impact on PPP transactions	Moody's Investors Service
14 Dec 2018	Sector In-Depth	Regulated Electric & Gas Utilities - US: Capital expenditures will remain high, thanks to regulatory recovery mechanisms that provide timely recovery	Moody's Investors Service
12 Dec 2018	Outlook	Public finance - US: 2019 Outlooks	Moody's Investors Service

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