Valleydale Baptist Church (The), Variable/Fixed-Rate Taxable Promissory Notes, Series 2003, $18MM Credit Rating

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Date	Document Type	Title	Source
27 Jan 2020	Sector Comment	Higher education - Pennsylvania: Community college agreement with online education provider is credit negative for Pennsylvania four-year universities	Moody's Investors Service
27 Jan 2020	Sector Overview	Moody's Public Finance Housing Rating Methodology Handbook	Moody's Investors Service
27 Jan 2020	Sector In-Depth	Military housing projects – US: Rise in 2020 allowance will boost revenues, with BAH holdbacks a downside risk	Moody's Investors Service
22 Jan 2020	Compilation	US Public Finance Credit Outlook: January 22, 2020	Moody's Investors Service
22 Jan 2020	Sector Comment	Public finance - US: US Supreme Court silence opens the door to debtors not paying special revenue bonds in bankruptcy	Moody's Investors Service
22 Jan 2020	Sector Comment	State housing finance agencies – US: Increase in housing starts is credit positive for state housing finance agencies	Moody's Investors Service
17 Jan 2020	Sector Comment	Public K-12 school districts – New York: Decrease in tax levy cap credit negative for school districts	Moody's Investors Service
17 Jan 2020	Sector Comment	Local government – Kansas: Layoffs at Spirit Aerosystems are credit negative for Wichita metropolitan area	Moody's Investors Service
16 Jan 2020	Sector In-Depth	Student Loans – US: Slow repayments to remain key driver of growing balances as new borrowing slows	Moody's Investors Service
16 Jan 2020	Compilation	Healthcare Quarterly: January 2020	Moody's Investors Service
16 Jan 2020	Sector Comment	Not-for-profit and for-profit hospitals - US : Developments to watch: 2020	Moody's Investors Service
15 Jan 2020	Compilation	US Public Finance Credit Outlook: January 15, 2020	Moody's Investors Service
15 Jan 2020	Sector Comment	Local government – New York: Governor's backing of Syracuse STEAM project is credit positive for city and area	Moody's Investors Service
15 Jan 2020	Sector Comment	Local government and higher education – New York: Choice of Brookhaven National Laboratory for electron-ion collider is positive for Long Island, SUNY Stony Brook	Moody's Investors Service
14 Jan 2020	Sector In-Depth	Power Generation – North America: Demand for sustainability drives appetite for hydroelectric generation	Moody's Investors Service
08 Jan 2020	Compilation	US Public Finance Credit Outlook: January 8, 2020	Moody's Investors Service
08 Jan 2020	Sector Comment	Municipalities – New York: Funding of more than $400 million in water projects is credit positive	Moody's Investors Service
20 Dec 2019	Sector Comment	Local government – California: More power to deny charter applications is credit positive for school districts and existing charter schools	Moody's Investors Service
19 Dec 2019	Sector Profile	Local government - US: Pensions remain the dominant liability for most of the largest local governments	Moody's Investors Service
19 Dec 2019	Sector In-Depth	US Public Pension Landscape Series	Moody's Investors Service
18 Dec 2019	Compilation	US Public Finance Credit Outlook: December 18, 2019	Moody's Investors Service
17 Dec 2019	Sector In-Depth	State and local government – Washington: Pension burdens pose limited credit risk	Moody's Investors Service
16 Dec 2019	Outlook	Utilities and power - Global: 2020 outlooks mostly stable (Slides)	Moody's Investors Service
16 Dec 2019	Sector Comment	Healthcare – US: Declining affordability underscores high social risks for US healthcare sector	Moody's Investors Service
16 Dec 2019	Outlook	Transportation infrastructure and project finance – Global: 2020 outlooks largely stable as demand remains steady (Slides)	Moody's Investors Service
13 Dec 2019	Outlook	Public Finance - US: 2020 Outlooks mostly stable amid continued economic expansion, strengthening revenues and solid reserves (Slides)	Moody's Investors Service
12 Dec 2019	Outlook	Nonprofit organizations – US: 2020 outlook stable as gifts and investment returns propel revenue growth	Moody's Investors Service
11 Dec 2019	Outlook	State housing finance agencies – US: 2020 outlook stable despite interest rate cuts	Moody's Investors Service
11 Dec 2019	Compilation	US Public Finance Credit Outlook: December 11, 2019	Moody's Investors Service
11 Dec 2019	Sector In-Depth	State and local government – US: Vulnerability to pension investment losses remains high despite slowing costs	Moody's Investors Service
11 Dec 2019	Sector In-Depth	Local government – New Jersey: Shared services agreements save local governments money and resources	Moody's Investors Service
10 Dec 2019	Outlook	Higher education – US: 2020 outlook moves to stable with steady revenue growth and solid reserves	Moody's Investors Service
10 Dec 2019	Outlook	Community colleges – US: 2020 outlook stable with revenue growth driven by increasing state and local support	Moody's Investors Service
10 Dec 2019	Sector In-Depth	Local government – US: Strong reserves, financial flexibility position most large US cities to weather a recession	Moody's Investors Service
09 Dec 2019	Outlook	Not-for-profit and public healthcare – US: 2020 outlook revised to stable driven by stronger revenue growth	Moody's Investors Service
05 Dec 2019	Outlook	Public Power Electric Utilities – US: 2020 outlook stable with mostly steady and strong financial metrics	Moody's Investors Service
04 Dec 2019	Sector In-Depth	Local government – Tennessee: Cities' strong economic growth supports robust financial profiles	Moody's Investors Service
04 Dec 2019	Compilation	US Public Finance Credit Outlook: December 4, 2019	Moody's Investors Service
04 Dec 2019	Outlook	Municipal water and sewer utilities – US: 2020 outlook stable with strong debt service coverage despite large capital needs	Moody's Investors Service
04 Dec 2019	Outlook	Local government – US: 2020 outlook stable with revenue set to grow despite slowing economic growth	Moody's Investors Service
04 Dec 2019	Outlook	Public Ports – US: 2020 outlook stable as consumer demand supports modest volume growth amid weak industrial activity and trade uncertainty	Moody's Investors Service
03 Dec 2019	Outlook	Toll roads – US: 2020 outlook stable on slowing, but still positive median traffic and revenue growth	Moody's Investors Service
02 Dec 2019	Outlook	Airports – US: 2020 outlook positive as strong demand and low fuel costs drive higher airline capacity	Moody's Investors Service
27 Nov 2019	Sector Comment	Regulated electric utilities – US: FERC order reducing MISO base ROE is credit negative for transmission owners	Moody's Investors Service
25 Nov 2019	Sector In-Depth	Public K-12 school districts – New York: Revenue strength, state support bolster credit quality but OPEBs remain a burden	Moody's Investors Service
22 Nov 2019	Sector Comment	Higher education – Massachusetts: Financial stability legislation is credit positive if it smooths college closure process	Moody's Investors Service
21 Nov 2019	Sector In-Depth	Not-for-profit and public healthcare - US: Benefit design, higher deductibles will increase bad debt for hospitals	Moody's Investors Service
21 Nov 2019	Sector Profile	States – US: Capital asset growth uneven among states with the largest economies	Moody's Investors Service
20 Nov 2019	Sector In-Depth	Airports – US: Fiscal 2018 Medians: Economic growth, lower fares continue to underpin financial performance	Moody's Investors Service
20 Nov 2019	Compilation	US Public Finance Credit Outlook: November 20, 2019	Moody's Investors Service

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