Upper Gwynedd-Towamencin Municipal Authority, PA Credit Rating

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Date	Document Type	Title	Source
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
04 Jan 2018	Sector Comment	Local government - New Jersey: Sunset of arbitration cap is credit negative for local governments	Moody's Investors Service
20 Dec 2017	Sector In-Depth	Local government - New Jersey: Municipalities look to save time and money with improved assessment process	Moody's Investors Service
14 Dec 2017	Sector In-Depth	Local government - US: Pension risks remain high for most of the 50 largest local governments	Moody's Investors Service
21 Nov 2017	Sector In-Depth	State and Local Government - Texas: Pensions weigh on credit quality of some governments, despite reform flexibility	Moody's Investors Service
10 Nov 2017	Sector Comment	Local government - Pennsylvania: Gaming revenue fix is credit positive for local governments with casinos	Moody's Investors Service
09 Nov 2017	Sector Comment	State/local government and higher education - Connecticut: Budget is credit positive for state and local governments, painful for higher ed	Moody's Investors Service
09 Nov 2017	Sector Comment	Local government - Pennsylvania: Vote clears path to eliminate most property taxes, a credit negative	Moody's Investors Service
23 Oct 2017	Sector Comment	Local government - California : Wildfires unlikely to have a lasting material credit impact on affected municipal issuers	Moody's Investors Service
23 Oct 2017	Sector In-Depth	Local government - New Jersey: Jersey Shore counties well prepared to handle next superstorm	Moody's Investors Service
11 Oct 2017	Sector Comment	Local government - California : New legislation will provide increased revenue-raising flexibility for stormwater needs	Moody's Investors Service
05 Oct 2017	Sector Comment	State and Local Government Delays in Capital Expenditures Push Costs into the Future	Moody's Investors Service
02 Oct 2017	Sector In-Depth	Public finance - Texas: Hurricane Harvey unlikely to impair credit quality of most affected issuers	Moody's Investors Service
19 Sep 2017	Sector In-Depth	Local government - US: Federal funding pivotal for some of nation's largest cities	Moody's Investors Service
18 Sep 2017	Sector In-Depth	Local government - Texas: Hurricane Harvey exposes affected local governments to various credit risks	Moody's Investors Service
12 Sep 2017	Sector Comment	Local government - Southeast US : Hurricane Irma unlikely to impact credit quality	Moody's Investors Service
31 Aug 2017	Sector Comment	Hurricane Harvey	Moody's Investors Service
10 Aug 2017	Sector In-Depth	Local government - New Jersey : FAQ: MQBA a strong credit-enhancement tool for distressed municipalities	Moody's Investors Service
02 Aug 2017	Sector Comment	Local government - Pennsylvania: Stronger drilling and natural gas prices projected to boost impact fees for many local governments	Moody's Investors Service
20 Jul 2017	Sector Comment	Local government - New York: Allowable levy increase under NYS property tax cap increased to 1.84% for fiscal 2018, a credit positive	Moody's Investors Service
28 Jun 2017	Sector Comment	Local Governments - US: Tri-state area continues to be prime location for Amazon's expansion	Moody's Investors Service
30 May 2017	Sector In-Depth	Local Government - New York: Five Years In, Property Tax Cap Has Little Impact on Local Government Credit Quality	Moody's Investors Service
08 May 2017	Sector Comment	Many Ohio Local Governments Pass Credit-Positive Tax Increases	Moody's Investors Service
13 Apr 2017	Sector Comment	Local Government - Illinois: Suburban Chicago Cities and Schools Receive Voter Approval for Tax Hikes	Moody's Investors Service
13 Apr 2017	Sector Comment	Local Government - New York: State Budget is Mixed Bag for New York Local Governments	Moody's Investors Service
06 Apr 2017	Sector Comment	Local Government - Missouri: St. Louis Approves Sales Tax Bump, Kansas City Green Lights Bond Issuance for Infrastructure, Both Credit Positive	Moody's Investors Service
05 Apr 2017	Sector Comment	Local Government - New York: Seneca Nation to Stop Remitting Casino Revenue Profit Sharing Payments, a Credit Negative	Moody's Investors Service
17 Feb 2017	Sector Comment	Utilities – US: Toshiba Developments Leave Questions for Vogtle and Summer Nuclear Projects	Moody's Investors Service
09 Feb 2017	Sector Comment	Local Governments – Pennsylvania: Pennsylvania Natural Gas Impact Fees to Fall for Third Consecutive Year, Credit Negative for Many Local Governments	Moody's Investors Service
09 Feb 2017	Sector Comment	State and Local Government - South Carolina: South Carolina Attorney General Highlights Requirement for Sound Pension Funding, a Credit Positive	Moody's Investors Service
26 Jan 2017	Sector Comment	Local Government - Connecticut: Rejection of Aetna-Humana Merger Is Credit Positive for Hartford and State	Moody's Investors Service
19 Jan 2017	Sector Comment	Launch of Federal Loan Program for Infrastructure Projects Is Credit Positive for Water and Sewer Utilities	Moody's Investors Service

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