University of Cincinnati, OH, Variable Rate Demand General Receipts Bonds, Series 2004-B, $103.755MM Credit Rating

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Date	Document Type	Title	Source
12 Dec 2018	Outlook	Public finance - US: 2019 Outlooks	Moody's Investors Service
05 Dec 2018	Sector In-Depth	Public finance - US: Self-liquidity report: Third quarter 2018	Moody's Investors Service
04 Dec 2018	Outlook	Higher education - US: 2019 outlook remains negative with continued low net tuition revenue growth	Moody's Investors Service
29 Nov 2018	Outlook	Not-for-profit organizations - US: 2019 outlook stable with investment returns supporting revenue growth	Moody's Investors Service
29 Nov 2018	Outlook	Community colleges with revenue-backed debt - US: 2019 outlook stable with steadying enrollment, higher state and local revenue	Moody's Investors Service
29 Nov 2018	Outlook	Independent schools - US: 2019 outlook stable with healthy demand and stronger balance sheets	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Higher education - US: Competition and affordability focus stifle pricing power and tuition revenue growth	Moody's Investors Service
09 Nov 2018	Sector Comment	State and local government - Nebraska: Nebraska's Medicaid expansion will be financed at the expense of downstream entities, negative for school districts	Moody's Investors Service
07 Nov 2018	Sector Comment	State government - US: Voters in three states support expanded Medicaid coverage, a positive for states that expanded it earlier	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	Community colleges with revenue-backed debt - US : Voters back funding measures for community colleges in New Jersey and Colorado, a credit positive	Moody's Investors Service
07 Nov 2018	Sector Comment	Public colleges & universities - Florida: Amendment passes requiring supermajority vote to increase student fees, 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
31 Oct 2018	Sector Comment	State and local government - Texas: Federal plan for coastal Texas storm infrastructure is credit positive	Moody's Investors Service
19 Oct 2018	Sector Comment	State and local governments and higher education - North Carolina: Hurricane Florence relief package taps state rainy day fund and benefits local governments and universities	Moody's Investors Service
17 Oct 2018	Sector In-Depth	State and local government - US: New OPEB accounting sheds light on credit impact of retiree healthcare liabilities	Moody's Investors Service
11 Oct 2018	Sector Comment	Higher education - US: California legislation supports affordable student housing, a credit positive	Moody's Investors Service
05 Oct 2018	Sector Comment	Higher education - US: Decreasing demand for US business schools is credit negative	Moody's Investors Service
04 Oct 2018	Sector In-Depth	Not-for-profit organizations - US: Medians - Robust investment returns fuel improved operating performance	Moody's Investors Service
14 Sep 2018	Sector In-Depth	US Public Finance: Self-liquidity report: Second quarter 2018	Moody's Investors Service
31 Aug 2018	Sector In-Depth	Community colleges with revenue-backed debt - US: Medians - Enrollment continues to stabilize as increasing state funding, tax revenue outpace net tuition revenue growth	Moody's Investors Service
16 Aug 2018	Sector Comment	Higher education - US: Growing dual-enrollment levels bolster enrollment, a credit positive	Moody's Investors Service
13 Aug 2018	Sector In-Depth	Higher education - US: Credit quality steady for most universities despite challenging business conditions	Moody's Investors Service
10 Aug 2018	Sector Comment	Cross-Sector – Canada & Saudi Arabia : Diplomatic dispute has limited credit implications given low trade and investment links	Moody's Investors Service
09 Aug 2018	Sector Comment	Community Colleges - US: Reauthorization of federal career and technical funding credit positive	Moody's Investors Service
06 Aug 2018	Sector Comment	Higher Education - US: Midyear update: Favorable government funding and investment returns, tuition revenue pressure continues	Moody's Investors Service
25 Jul 2018	Sector Comment	Higher education - Missouri: Additional flexibility to increase tuition is credit positive in the face of state cuts	Moody's Investors Service
23 Jul 2018	Sector Comment	Higher education - US: Sustained stress will drive more private colleges to alter business models or close	Moody's Investors Service
12 Jul 2018	Sector Comment	Higher education - US: Gradually rising retention rates credit positive for public universities	Moody's Investors Service
09 Jul 2018	Sector Comment	State and local government - Mississippi: Stronger contributions are positive, but pension funding will remain a challenge	Moody's Investors Service
28 Jun 2018	Sector In-Depth	Higher education - US: Medians - Public university median revenue growth falls for second year	Moody's Investors Service
21 Jun 2018	Sector In-Depth	Higher education - US: Medians - Private university expense growth outpaces revenue growth for second year	Moody's Investors Service
21 Jun 2018	Sector In-Depth	Higher education - Kentucky : Public universities struggle with state cuts, pension burdens and enrollment	Moody's Investors Service
19 Jun 2018	Sector In-Depth	Independent schools – US: Medians – Strong demand, strengthening balance sheets highlight sector stability	Moody's Investors Service
11 Jun 2018	Sector In-Depth	Cross-Sector – Puerto Rico: Weak economic recovery weighs on issuers as new hurricane season looms	Moody's Investors Service
07 Jun 2018	Sector In-Depth	Public finance - US: Self-liquidity report: First quarter 2018	Moody's Investors Service
31 May 2018	Sector In-Depth	Higher education and infrastructure - US: FAQ on public-private partnerships in higher education	Moody's Investors Service
30 May 2018	Sector In-Depth	Higher education - Global: Key credit drivers vary for universities and colleges globally	Moody's Investors Service
29 May 2018	Sector Comment	Higher education: Declining enrollment credit negative due to continued pressure on net tuition revenue	Moody's Investors Service
01 May 2018	Sector In-Depth	Privatized student housing - US: Medians - Four key trends will differentiate older and newer P3 projects next year	Moody's Investors Service
26 Apr 2018	Sector In-Depth	State and local government - Minnesota: Pension liabilities to remain elevated, despite potential reforms on the horizon	Moody's Investors Service
09 Apr 2018	Sector Comment	State, local government and higher education - Kentucky : Pension reforms are positive, but high liabilities still drive increased contributions	Moody's Investors Service
29 Mar 2018	Sector Comment	Higher education - US: Federal capital programs provide credit positive financing for some universities	Moody's Investors Service
29 Mar 2018	Sector Comment	Higher education - US : Increased federal financial aid and research funding is credit positive for universities	Moody's Investors Service
08 Mar 2018	Sector In-Depth	Public finance - US: Self-liquidity report: Fourth quarter 2017	Moody's Investors Service
23 Feb 2018	Sector Comment	State and local government - California: Faster pension debt repayment is positive, but will be painful for some governments	Moody's Investors Service
20 Feb 2018	Sector Comment	Higher education - US : Philanthropic contributions hit record in 2017, but growth may slow in 2018	Moody's Investors Service
12 Feb 2018	Sector Comment	Higher education - US: Growing online offerings to meet student demands is credit positive	Moody's Investors Service
08 Feb 2018	Sector Comment	Not-for-profit and public healthcare, higher education – US : New FASB standard on presentation of pension and OPEBs expense is credit neutral	Moody's Investors Service
08 Feb 2018	Sector Comment	Higher education - Global: Potential changes to income-driven repayment student loans a credit risk	Moody's Investors Service

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