Philadelphia (City of) PA Gas Works Credit Rating

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Date	Document Type	Title	Source
22 Apr 2020	Credit Opinion	Philadelphia (City of) PA Gas Works: Update to credit analysis	Moody's Investors Service
20 Apr 2020	Rating Action	Moody's assigns A3 to Philadelphia Gas Works' $215 million Gas Work's Revenue Bonds 16th Series A and $53 million Revenue Refunding Bonds 16th Series B; outlook stable	Moody's Investors Service
13 Feb 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Philadelphia (City of) PA Gas Works	Moody's Investors Service
10 Jun 2019	Credit Opinion	Philadelphia (City of) PA Gas Works: Update to Credit Analysis	Moody's Investors Service
16 May 2019	Rating Action	Moody's reviews LOC-backed ratings of City of Philadelphia, PA Gas Works Revenue Bonds, Eighth Series B and Series E	Moody's Investors Service
19 Mar 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Philadelphia (City of) PA Gas Works	Moody's Investors Service
07 Aug 2017	Rating Action	Moody's upgrades to Aa2 Philadelphia's LOC-backed Gas Works Revenue Bonds, Eighth Series C and E	Moody's Investors Service
28 Jul 2017	New Issue	Philadelphia (City of) PA Gas Works: New Issue: Moody's upgrades PGW (PA) to A3 from Baa1; Assigns A3 to $278.2 mil Gas Works Rev. Refunding Bds, 15th Series	Moody's Investors Service
28 Jul 2017	Rating Action	Moody's upgrades PGW (PA) to A3 from Baa1; Assigns A3 to $278.2 mil Gas Works Rev. Refunding Bds., 15th Series	Moody's Investors Service
14 Dec 2016	Rating Action	Moody's Affirms Aa1/VMIG 1 on Philadelphia Gas Works' LOC-backed Bonds, Fifth Series A-2	Moody's Investors Service
08 Aug 2016	New Issue	Philadelphia (City of) PA Gas Works : New Sale: Moody's revises PGW's outlook to positive; Assigns Baa1 to $220 mil Gas Works Rev. Refunding Bds., 14th Series	Moody's Investors Service
08 Aug 2016	Rating Action	Moody's revises PGW's outlook to positive; Assigns Baa1 to $220 mil Gas Works Rev. Refunding Bds., 14th Series	Moody's Investors Service
22 Jul 2015	New Issue	Moody's upgrades Philadelphia Gas Works to Baa1 from Baa2; outlook revised to stable; Assigns Baa1 to $275 million Gas Works Revenue Refunding Bonds, 13th Series	Moody's Investors Service
22 Jul 2015	Rating Action	Moody's upgrades Philadelphia Gas Works to Baa1 from Baa2; outlook revised to stable; Assigns Baa1 to $275 million Gas Works Revenue Refunding Bonds, 13th Series	Moody's Investors Service
07 Aug 2014	Rating Action	Moody's assigns P-1 to City of Philadelphia, PA, Gas Works Notes CP Ser. G-1 and G-2 and Capital Project Notes CP Ser. 1 and 2	Moody's Investors Service
07 Aug 2014	New Issue	MOODY'S ASSIGNS P-1 TO CITY OF PHILADELPHIA, PA, GAS WORKS NOTES CP SER. G-1 AND G-2 AND CAPITAL PROJECT NOTES CP SER. 1 AND 2	Moody's Investors Service
29 May 2014	Rating Update	Moody's revises outlook to positive from stable and affirms Baa2 on Philadelphia Gas Work's 1975 and 1998 Senior Lien General Ordinance Bonds affecting $1.07 billion of debt outstanding	Moody's Investors Service
29 May 2014	Rating Action	Moody's revises outlook to positive from stable and affirms Baa2 on Philadelphia Gas Work's 1975 and 1998 Senior Lien General Ordinance Bonds affecting $1.07 billion of debt outstanding	Moody's Investors Service
06 Mar 2014	Sector Comment	Philadelphia Reaches $1.86 Billion Deal to Sell Gas Utility, a Credit Positive	Moody's Investors Service
29 Jul 2013	Announcement	Moody's reviews Philadelphia Gas Works Eighth Series C & D Bonds LOC-backed ratings in connection with substitution of LOCs	Moody's Investors Service
14 Feb 2013	Rating Action	Moody's affirms Philadelphia Gas Work's (PGW) Baa2 rating and stable outlook affecting $1.1 billion of outstanding 1975 and 1998 Ordinance Bonds	Moody's Investors Service
14 Feb 2013	Rating Update	Moody's affirms Philadelphia Gas Work's (PGW) Baa2 rating and stable outlook affecting $1.1 billion of outstanding 1975 and 1998 Ordinance Bonds	Moody's Investors Service
06 Jun 2012	Rating Update	MOODY'S AFFIRMS Aa1 (UNDER REVIEW FOR DOWNGRADE)/VMIG 1 LETTER OF CREDIT BACKED RATING OF THE CITY OF PHILADELPHIA, PA, GAS WORKS REVENUE REFUNDING BONDS, FIFTH SERIES A-2 (1998 GENERAL ORDINANCE)	Moody's Investors Service
06 Jun 2012	Announcement	Moody's affirms Aa1 (under review for downgrade)/VMIG 1 letter of credit backed rating of the City of Philadelphia, PA, Gas Works Revenue Refunding Bonds, Fifth Series A-2 (1998 General Ordinance)	Moody's Investors Service
23 Aug 2011	New Issue	MOODY'S ASSIGNS Baa2 RATING TO PHILADELPHIA GAS WORKS $76.1 MILLION REVENUE REFUNDING BONDS; OUTLOOK REMAINS STABLE	Moody's Investors Service
27 Oct 2010	Rating Action	MOODY'S HAS DOWNGRADED THE LONG-TERM PORTION OF RATINGS ASSIGNED TO THE MORGAN STANLEY & CO. INC. (MUNI. DERIV.) FR/RI CERTIFICATES, SERIES 2006-2234	Moody's Investors Service
21 Sep 2010	Rating Action	Moody's downgrades jointly supported LOC-backed U.S. municipal debt; 643 ratings and $37 billion of debt affected	Moody's Investors Service
01 Sep 2010	Rating Action	Moody's updates methodology for rating jointly supported muni LOC-backed debt; 898 ratings on review	Moody's Investors Service
06 Jul 2010	New Issue	MOODY'S ASSIGNS Baa2 RATING TO PHILADELPHIA GAS WORKS $150 MILLION REVENUE BONDS, NINTH SERIES (1998 GENERAL ORDINANCE); OUTLOOK REVISED TO STABLE FROM NEGATIVE	Moody's Investors Service
04 Aug 2009	New Issue	MOODY'S ASSIGNS Aaa/VMIG 1 RATING TO THE CITY OF PHILADELPHIA, PENNSYLVANIA, GAS WORKS REVENUE REFUNDING BONDS, EIGHTH SERIES B, C, D, AND E (1998 GENERAL ORDINANCE)	Moody's Investors Service
20 Jul 2009	New Issue	MOODYS ASSIGNS Baa2 TO PHILALDEPHIA GAS WORKS REVENUE BONDS; OUTLOOK NEGATIVE	Moody's Investors Service
12 Jun 2009	Rating Update	MOODY'S AFFIRMS Baa2 ON PHILADELPHIA GAS WORKS REVENUE BONDS; OUTLOOK NEGATIVE	Moody's Investors Service
02 Mar 2009	High Profile Rating Update	Philadelphia Gas Works	Moody's Investors Service
27 Feb 2009	Rating Update	MOODYS AFFIRMS PHILADELPHIA GAS WORKS Baa2 REVENUE BONDS RATING; OUTLOOK NEGATIVE	Moody's Investors Service
25 Jan 2006	New Issue	MOODY'S ASSIGNS Aaa/ VMIG 1 WITH STABLE OUTLOOK TO THE CITY OF PHILADELPHIA, PA GAS WORKS REVENUE BONDS, SIXTH SERIES	Moody's Investors Service
24 Jan 2006	High Profile New Issue	Philadelphia Gas Works	Moody's Investors Service
19 Jan 2006	New Issue	MOODY'S ASSIGNS Baa2 RATING TO CITY OF PHILADELPHIA'S GAS WORKS REVENUE BONDS; OUTLOOK CHANGED TO STABLE	Moody's Investors Service
12 Oct 2004	New Issue	MOODY'S ASSIGNS Aaa/ VMIG 1 TO CITY OF PHILADELPIA GAS WORKS VARIABLE RATE DEMAND REVENUE BONDS, FIFTH SERIES A-2	Moody's Investors Service
11 Oct 2004	High Profile New Issue	Philadelphia Gas Works	Moody's Investors Service
06 Oct 2004	New Issue	MOODY'S ASSIGNS UNDERLYING RATING OF Baa2 TO PGW VARIABLE RATE DEMAND REVENUE BONDS	Moody's Investors Service
28 Sep 2004	New Issue	MOODY'S ASSIGNS Baa2 CREDIT RATING TO PHILADELPHIA GAS WORKS REVENUE BONDS	Moody's Investors Service
16 Sep 2004	Rating Update	MOODY'S CONFIRMS THE Baa2 SENIOR LIEN RATING FOR PHILADELPHIA GAS WORKS AND ITS Baa3 SUBORDINATE LIEN RATING	Moody's Investors Service
08 Jun 2004	Rating Update	MOODY'S PLACES PHILADELPHIA GAS WORKS CREDIT RATINGS ON WATCHLIST	Moody's Investors Service
05 Dec 2002	New Issue	MOODY'S ASSIGNS Baa2 CREDIT RATING TO PGW'S REVENUE BONDS AND CHANGES CREDIT OUTLOOK TO STABLE FROM NEGATIVE	Moody's Investors Service
13 Sep 2002	New Issue	Philadelphia (City of) PA	Moody's Investors Service
15 Feb 2002	Analysis	Philadelphia Gas Works	Moody's Investors Service
02 Nov 2001	Rating Update	Philadelphia (City of) PA	Moody's Investors Service
12 Jun 2001	New Issue	Philadelphia (City of) PA	Moody's Investors Service
17 Oct 2000	Rating Update	Philadelphia (City of) PA	Moody's Investors Service
04 Aug 2000	Analysis	Philadelphia Gas Works	Moody's Investors Service

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