Michigan Strategic Fund Credit Rating

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Date	Document Type	Title	Source
15 Feb 2023	Rating Action	Moody's takes action on LOC-backed variable rate demand bonds supported by Bank of America, N.A.	Moody's Investors Service
09 Nov 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review for a group of US States and territories and certain related entities	Moody's Investors Service
27 Jul 2022	Credit Opinion	Michigan (State of): Update to credit analysis	Moody's Investors Service
07 Jul 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review for the US States and territories and certain related entities	Moody's Investors Service
31 May 2022	Rating Action	Moody's upgrades Dow's rating to Baa1; outlook to stable	Moody's Investors Service
22 Mar 2022	Rating Action	Moody's takes various actions in conjunction with publication of updated methodology for US states and territories	Moody's Investors Service
22 Feb 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
16 Feb 2022	Rating Action	Moody's assigns Aa2 to Michigan Strategic Fund's refunding of Cadillac Place Office Building Project bonds; outlook stable	Moody's Investors Service
08 Nov 2021	Rating Action	Moody's assigns Ba2 to Graphic Packaging's new unsecured bonds	Moody's Investors Service
02 Nov 2021	Rating Action	Moody's affirms Air Products' A2 ratings	Moody's Investors Service
01 Oct 2021	Rating Action	Moody's takes action on LOC-backed variable rate demand bonds supported by MUFG Union Bank, N.A.	Moody's Investors Service
10 Sep 2021	Rating Action	Moody's assigns A3 senior unsecured rating to Michigan Strategic Fund revenue bonds (Consumers Energy Company Project)	Moody's Investors Service
10 Sep 2021	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
22 Jun 2021	Credit Opinion	Michigan (State of): Update to credit analysis	Moody's Investors Service
11 Jun 2021	Rating Action	Moody's assigns Aa2 to Michigan Strategic Fund's Limited Obligation Revenue Bonds (Flint Water Advocacy Fund Project), Series 2021A; outlook stable	Moody's Investors Service
03 May 2021	Rating Action	Moody's downgrades CMS Energy to Baa2 and Consumers Energy to A1; outlooks stable	Moody's Investors Service
29 Mar 2021	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
23 Oct 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
01 Jul 2020	Rating Action	Moody's changes outlook of CMS Energy and Consumers Energy to negative	Moody's Investors Service
28 May 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
21 Jan 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
22 Nov 2019	Credit Opinion	Michigan State Department of Transportation: Update to credit analysis of highway revenue bonds	Moody's Investors Service
22 Oct 2019	Rating Action	Moody's places DTE Energy's long-term rating on review for downgrade; affirms the ratings of its utilities	Moody's Investors Service
19 Aug 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
19 Apr 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Michigan (State of)	Moody's Investors Service
06 Nov 2018	Rating Action	Moody's affirms Dow's Baa2 rating; outlook stable	Moody's Investors Service
31 Oct 2018	Rating Action	Moody's assigns Baa2 to Michigan Strategic Fund I-75 Improvement Project bonds; outlook stable	Moody's Investors Service
27 Jul 2018	Credit Opinion	Michigan (State of): Update to credit analysis	Moody's Investors Service
25 Oct 2016	Rating Action	Moody's downgrades DTE to Baa1, affirms utility subsidiaries, outlook stable	Moody's Investors Service
04 Oct 2016	Rating Action	Moody's Upgrades 4 Series of Michigan Lease Revenue Bonds to Aa2; Stable Outlook	Moody's Investors Service
04 Oct 2016	New Issue	Michigan Strategic Fund, MI: New Issue - Moody's Assigns Aa2 to Michigan Strategic Fund, MI's $48.3M Lease Revenue Bonds, Series 2016	Moody's Investors Service
04 Oct 2016	Rating Action	Moody's Assigns Aa2 to Michigan Strategic Fund, MI's $48.3M Lease Revenue Bonds, Series 2016	Moody's Investors Service
11 Dec 2015	Rating Action	Moody's affirms Dow's ratings following merger announcement; outlook stable	Moody's Investors Service
18 Sep 2015	Rating Action	Moody's affirms Air Products' A2 rating following divestiture announcement; outlook remains stable	Moody's Investors Service
04 Aug 2015	Rating Update	Moody's upgrades 3 Michigan Strategic Fund lease/appropriation bond series (State of Michigan); outlook stable	Moody's Investors Service
04 Aug 2015	Rating Action	Moody's upgrades 3 Michigan Strategic Fund lease/appropriation bond series (State of Michigan); outlook stable	Moody's Investors Service
28 May 2015	Rating Action	Moody's upgrades long-term ratings of municipal VRDBs supported by Bank of America, N.A.	Moody's Investors Service
28 May 2015	Rating Action	Moody's upgrades long-term ratings of municipal VRDBs supported by JP Morgan Chase Bank, N.A.	Moody's Investors Service
29 Aug 2014	Rating Action	Moody's upgrades to A2/VMIG 1 LOC backed Michigan Strategic Fund (CS Facilities Project) Rev. Bonds Ser. 2010	Moody's Investors Service
29 Aug 2014	Rating Update	MOODY'S UPGRADES TO A2/VMIG 1 LOC BACKED MICHIGAN STRATEGIC FUND (CS FACILITIES PROJECT) REV. BONDS SER. 2010	Moody's Investors Service
25 Mar 2014	New Issue	Moody's assigns Aa3 to Michigan Strategic Fund's $84M appropriation-backed bonds; affirms Aa2 GO and related ratings, outlook positive	Moody's Investors Service
25 Mar 2014	Rating Action	Moody's assigns Aa3 to Michigan Strategic Fund's $84M appropriation-backed bonds; affirms Aa2 GO rating and related ratings, outlook positive	Moody's Investors Service
31 Jan 2014	Rating Action	Moody's upgrades DTE Energy Company and its two subsidiaries, outlooks stable	Moody's Investors Service
21 Feb 2013	Announcement	Correction to text, February 08, 2013 Release: Moody's upgrades the long-term ratings of DTE Energy and its subsidiaries	Moody's Investors Service
08 Feb 2013	Rating Action	Moody's upgrades the long-term ratings of DTE Energy and its subsidiaries	Moody's Investors Service
02 Nov 2012	Rating Action	Moody's raises Dow's ratings to Baa2	Moody's Investors Service
03 Aug 2012	Rating Action	Moody's downgrades to Aa3 from Aa1 the long-term letter of credit-backed ratings of the Michigan Strategic Fund Variable Rate Limited Obligation Revenue Bonds (Consumers Energy Company Project), Series 2005 and 2008; short-term VMIG 1 ratings affirmed	Moody's Investors Service
03 Aug 2012	Rating Update	MOODY'S DOWNGRADES TO Aa3 FROM Aa1 THE LONG-TERM LETTER OF CREDIT-BACKED RATINGS OF THE MICHIGAN STRATEGIC FUND VARIABLE RATE LIMITED OBLIGATION REVENUE BONDS (CONSUMERS ENERGY COMPANY PROJECT), SERIES 2005 AND 2008; SHORT-TERM VMIG 1 RATINGS AFFIRMED	Moody's Investors Service
17 Jul 2012	Announcement	Moody's reviews LOC-backed ratings of the Michigan Strategic Fund Variable Rate Limited Obligation Revenue Bonds (Consumers Energy Company Project), Series 2005 and 2008; rating action expected in connection with the substitution of the LOCs	Moody's Investors Service
22 May 2012	Rating Action	Moody's raises Ford and Ford Credit unsecured ratings to Baa3; outlook is stable	Moody's Investors Service

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