Upper Gwynedd-Towamencin Municipal Authority, PA Credit Rating

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Date	Document Type	Title	Source
17 Apr 2019	Sector Comment	Environmental utilities - Utah: Metering of secondary water is credit positive for the state and local governments	Moody's Investors Service
05 Apr 2019	Sector Comment	Higher education, state and local government - Oklahoma: Opioid settlement credit positive for Oklahoma State University, local governments	Moody's Investors Service
01 Apr 2019	Sector In-Depth	Local government - Missouri: Population and economic growth are credit positive for urban areas	Moody's Investors Service
26 Mar 2019	Sector In-Depth	Cross-sector - US: Texas border cities vary in ability to withstand fiscal and economic challenges	Moody's Investors Service
22 Mar 2019	Sector Comment	State and local government - New Jersey: Law enabling creation of stormwater utilities is credit positive given proper execution	Moody's Investors Service
11 Feb 2019	Sector In-Depth	Local government - Connecticut: Financially strained municipalities face continuing fiscal challenges	Moody's Investors Service
01 Feb 2019	Sector Profile	Local government and higher education - US: Overview of state aid intercept programs	Moody's Investors Service
31 Jan 2019	Sector Comment	State and local government - Wisconsin: Foxconn’s missed job creation target is credit negative for Mount Pleasant, Racine County and Wisconsin	Moody's Investors Service
30 Jan 2019	Sector Comment	Local government - California : 49ers' winning tax appeal is credit negative for affected local governments	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
17 Jan 2019	Sector In-Depth	Local government - US: Cities' heightened focus on mitigating climate risk is credit positive	Moody's Investors Service
17 Jan 2019	Sector Comment	Local government - New York: Ruling in casino revenue-sharing case is credit positive for several Western New York cities	Moody's Investors Service
18 Dec 2018	Sector In-Depth	Local government - US: Adjusted net pension liabilities rise for most of the 50 largest local governments in 2017	Moody's Investors Service
18 Dec 2018	Sector In-Depth	Local government - New Mexico : Pension burdens will continue to weigh on credit quality, prompting potential reform	Moody's Investors Service
17 Dec 2018	Sector Comment	Local government - Texas: Apple’s expanding Austin presence will boost region's competitive advantage in tech industry	Moody's Investors Service
14 Dec 2018	Sector In-Depth	Local government - Illinois: Ability to absorb pension costs supports exceptional credit quality for some cities	Moody's Investors Service
12 Dec 2018	Outlook	Public finance - US: 2019 Outlooks	Moody's Investors Service
05 Dec 2018	Outlook	Local government - US: 2019 outlook remains stable with tax revenue to grow modestly	Moody's Investors Service
15 Nov 2018	Sector Comment	New York City, District of Columbia and Arlington, VA: Washington DC and New York metro areas will benefit from Amazon's second headquarters	Moody's Investors Service
13 Nov 2018	Sector In-Depth	Local government - US: Amazon's HQ2 decision highlights cities' prime competitive advantages	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	Local government - Maryland: Voters mandate gambling revenue bolster education funding, a credit positive for counties and City of Baltimore	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	Local government - Illinois: Springfield, Illinois-area schools will benefit from tax hike	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	State government - US: Voters show mixed support for higher state taxes to fund transportation and schools	Moody's Investors Service
07 Nov 2018	Sector Comment	State and local government - Arizona: Arizona voters approve pension changes for correctional officers, a credit positive	Moody's Investors Service
26 Oct 2018	Sector Comment	State and local government - Florida: Florida will weather Hurricane Michael costs with minimal financial effect, a credit positive	Moody's Investors Service
24 Oct 2018	Sector Comment	State and local government and environmental utilities - Utah: Drought emergency points to credit-negative exposure to warmer temperatures	Moody's Investors Service
19 Oct 2018	Sector In-Depth	Local government – Virginia : Credit quality likely to remain healthy despite high debt burdens	Moody's Investors Service
05 Oct 2018	Sector Comment	State and local government - US: North American trade deal benefits border economies and large auto-producing states	Moody's Investors Service
08 Aug 2018	Sector Comment	Local government - New York : Deficit financing legislation helps distressed local governments but lacks teeth	Moody's Investors Service
19 Jul 2018	Sector In-Depth	Local government - US: Rural America confronts growing economic and demographic challenges	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
26 Jun 2018	Sector Comment	Local government - Minnesota: Legislation will reduce pension liabilities, but changes are far from a cure-all	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
24 Apr 2018	Sector Comment	Local government - Pennsylvania : 'Act 47' oversight program has mixed record, though helps Steel City	Moody's Investors Service
23 Apr 2018	Sector In-Depth	State and local government - Connecticut: State bolsters municipal oversight, though surge in Hartford-type bailouts unlikely	Moody's Investors Service
19 Apr 2018	Sector Comment	Cities - Oklahoma: State allows sales tax collection for online third-party retailers, credit positive for cities	Moody's Investors Service
12 Apr 2018	Sector In-Depth	Cities - US: Competing spending demands and slowing revenue growth will stymie capital investment for many cities	Moody's Investors Service
11 Apr 2018	Sector In-Depth	Local government - Connecticut, New York, New Jersey: Federal tax law to squeeze local governments in tri-state region	Moody's Investors Service
02 Apr 2018	Sector In-Depth	State and local government - US: Aging states face less dynamic economies, lower revenue growth	Moody's Investors Service
30 Mar 2018	Sector In-Depth	Local government - US: Medians – Property values key to stability, but pension burdens remain a challenge	Moody's Investors Service
22 Mar 2018	Sector In-Depth	Local government - Connecticut: State fiscal, demographic and economic hurdles pose risk for many municipalities	Moody's Investors Service
06 Mar 2018	Sector Comment	Local government - New Jersey: New Jersey Department of Transportation doubling of aid is positive but not a game changer	Moody's Investors Service
28 Feb 2018	Sector In-Depth	Cities - US: State capitals not immune from fiscal trouble, though 'next Hartford' unlikely	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
21 Feb 2018	Sector Comment	Local government - New York: Orange County, NY’s sales tax surplus is credit positive for county’s local governments	Moody's Investors Service
07 Feb 2018	Sector Comment	Cities - Illinois: Harvey court ruling highlights Illinois' pension protections	Moody's Investors Service
15 Jan 2018	Sector Comment	City (incl. Town, Village and Township): California court ruling adds to stringent judicial views of pension reforms	Moody's Investors Service

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