Moody's Investors Service, ("Moody's") has affirmed the ratings of Nuveen Quality Municipal Income Fund (NAD) following the reorganization of Nuveen Texas Quality Municipal Income Fund (NTX) into NAD.
Moody's Investors Service (Moody's) has assigned a Aa2 enhanced rating to Custodial Receipts (Barclays), Custodial Receipts, Series 2017-XL0046 evidencing beneficial ownership of New Orleans Aviation Board, General Airport Revenue Bonds (North Terminal Project) Series 2017B (AMT) (the Bonds). The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions.
Moody's Investors Service (Moody's) has upgraded to Aa1 from A1 the credit enhanced rating of Custodial Receipts (Barclays RIB), Custodial Receipts, RIB Floaters Trust, Series 2019-FR/RI-021 (the Receipts). Moody's reviewed the credit enhanced rating of the Receipts following Moody's assignment of the Aa3 underlying rating of the bonds, Tarrant County Cultural Education Facilities Finance Corporation Hospital Revenue Refunding Bonds (Baylor Scott & White Health Project), Series 2019E (the Bonds) on April 24, 2020. The rating of the Receipts is now based upon joint default analysis (JDA) which reflects Moody's approach to rating jointly supported transactions.
Moody's Investors Service ("Moody's") has assigned a P-1 letter of credit-backed rating to District of Columbia Fiscal Year 2020 General Obligation Notes (Federally Taxable) (2020 GO Notes). Barclays Bank PLC (the Bank) currently provides a letter of credit (LOC) which supports the Series 2019 Notes. The rating on the Notes is be based on (i) the LOC provided by the Bank, (ii) the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders, and (iii) our evaluation of the credit quality of the Bank issuing the LOC.
Moody's Investors Service has assigned P-1 letter of credit-backed ratings to the San Francisco Airport Commission, CA Subordinate Commercial Paper Notes Series A-5, Series B-5 and Series C-5 (the Notes). The Notes are supported by a letter of credit (LOC) provided by Barclays Bank PLC (the Bank). The ratings on the Notes will be based on the LOC; the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders; and, Moody's evaluation of the credit quality of the Bank issuing the LOC.
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Moody's Investors Service ("Moody's") has today upgraded the ratings of four notes in Paragon Mortgages (No. 12) PLC and Paragon Mortgages (No. 15) PLC. The rating action reflects the upgrade of Barclays Bank PLC's Counterparty Risk assessment ("CR assessment") to A1(cr) from A2(cr) acting as swap counterparty in both transactions and, for Paragon Mortgages (No. 12) PLC, the reduced swap exposure and, for Paragon Mortgages (No. 15) PLC, the increased levels of credit enhancement. Moody's affirmed the ratings of the notes that had sufficient credit enhancement to maintain the current rating on the affected notes.
Moody's Investors Service, at the Idaho Housing and Finance Association's ("IHFA") request, has reviewed the documents submitted to us in connection with an amendment to its Taxable Commercial Paper Program, General Obligation Notes, Bank Secured Series (the "Secured CP Notes"). IHFA is temporarily expanding the Barclays Bank PLC's liquidity facility supporting the Secured CP Notes to $237,495,207 from $187,945,207, inclusive of accrued interest.
Moody's Investors Service (Moody's) has assigned a Aa1 enhanced rating to Custodial Receipts (Barclays), Custodial Receipts, Series 2018-XM0680 evidencing beneficial ownership of Washington State Convention Center Public Facilities District, Lodging Tax Bonds, 2018 (the Bonds). The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions.
Moody's Investors Service (Moody's) has assigned a Aa2 enhanced rating to Custodial Receipts (Barclays), Custodial Receipts, Series 2017-XG0113 evidencing beneficial ownership of Commonwealth of Kentucky State Property and Buildings Commission, Revenue Bonds, Project No. 115 (the Bonds). The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions.
Moody's Investors Service (Moody's) has assigned a Aa1 enhanced rating to Custodial Receipts (Barclays), Custodial Receipts, Series 2018-XM0681 evidencing beneficial ownership of Washington State Convention Center Public Facilities District, Lodging Tax Bonds, 2018 (the Bonds). The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions. The JDA rating is based on the long-term Counterparty Risk (CR) Assessment, A1(cr), of Barclays Bank PLC (the Bank) as provider of the Letter of Credit (LOC), the underlying rating of the Bonds, and the structure and legal protections of the transaction which provide for timely payment of debt service to Custody Receipt holders.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 07 May 2020. New York, May 07, 2020-- ASSIGNMENTS:.
Moody's has not assigned a rating to the GBP 350,000,000 Class C Subordinated Notes due 2057. This transaction is the first securitisation of loans originated by Barclays Private Bank ("PB"), a business unit of Barclays Bank PLC("Barclays", A1/P-1, A1(cr)/P-1(cr)). The definitive ratings on the Notes take into account the credit quality of the underlying mortgage loan pool, from which Moody's determined the MILAN Credit Enhancement (CE) and the portfolio expected loss, as well as the transaction structure and legal considerations.
Moody's Investors Service is correcting the rating on the Barclays Bank PLC's Euro 216.4 million Euro Medium-Term Notes (EMTNs) due 2021 (ISIN XS1813572077) to A1 from WR. The rating was withdrawn on April 26, 2019, the original maturity date for the notes; however Moody's has recently been advised by the issuer that the maturity date of the notes was extended to March 26, 2021. This publication does not announce a credit rating action.
Moody's has not rated the EUR 123.14M Class Z Residential Mortgage Backed Fixed Rate Notes due July 2055, the EUR 10.11M Class R Residential Mortgage Backed Fixed Rate Notes due July 2055, the EUR 0.1M Class X1 Notes due July 2055 and the EUR 2.0M Class X2 Notes due July 2055. The expected portfolio loss of 5.5% and the MILAN CE of 19.0%, serve as input parameters for Moody's cash flow model and tranching model, which is based on a probabilistic lognormal distribution.
Moody's Investors Service (Moody's) has assigned a Aa2 enhanced rating to Custodial Receipts (Barclays), Custodial Receipts, Series 2017-XM0503 evidencing beneficial ownership of City of San Jose, California, Airport Revenue Refunding Bonds, Series 2017A (AMT) (the Bonds). The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions.
Moody's Investors Service, ("Moody's") has affirmed the short-term VMIG 1 ratings of Gainesville (City of) FL Combined Utility Enterprise (GRU) Variable Rate Utilities System Revenue Bonds 2005 Series C, 2006 Series A, 2008 Series B and 2012 Series B (collectively the bonds). Upon the effective date of the SBPAs, currently scheduled for May 20, 2020, the VMIG 1 short-term ratings will be derived from the credit quality of the Bank as provider of the SBPAs and Moody's assessment of the likelihood of an early termination or suspension of the SBPAs without a final mandatory tender.
The ratings take into account the credit quality of the underlying mortgage loan pool, from which Moody's determined the MILAN Credit Enhancement ("MILAN CE") and the portfolio expected loss, as well as the transaction structure and legal considerations. The expected portfolio loss of 5.5% and the MILAN CE of 19.0%, serve as input parameters for Moody's cash flow model and tranching model, which is based on a probabilistic lognormal distribution.
Moody's Investors Service, ("Moody's") has affirmed the ratings of Nuveen Quality Municipal Income Fund (NAD) following the reorganization of Nuveen Texas Quality Municipal Income Fund (NTX) into NAD.
Moody's Investors Service (Moody's) has assigned a Aa1 enhanced rating to Custodial Receipts (Barclays), Custodial Receipts, Series 2018-XM0681 evidencing beneficial ownership of Washington State Convention Center Public Facilities District, Lodging Tax Bonds, 2018 (the Bonds). The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions.