Harris County Municipal Utility Dist 172, TX — Moody’s assigns A3 to Harris County MUD 172, TX’s GOULT Bonds, Series 2022 – Yahoo Finance

Rating Action: Moody’s designates A3 to Harris County MUD 172, TX’s GOULT Bonds, Series 2022Global Credit Research – 10 Jan 2022New York, January 10, 2022– Moody’s Investors Service has actually designated an A3 score to Harris County Municipal Utility District 172, TX’s $4.86 million Unlimited Tax Bonds, Series 2022. Moody’s keeps the formerly appointed A3 score on the MUD’s basic responsibility unrestricted tax obligation (GOULT) financial obligation. Following this issuance, the MUD will certainly have $20.3 numerous GOULT financial debt outstanding.RATINGS RATIONALEThe A3 ranking shows the area’s reasonably tiny however developed out tax obligation base that is advantageously situated within the Houston (Aa3 stable) city. Favorably, the MUD’s monetary setting is really solid and also will certainly continue to be so despite an organized money financial debt redemption anticipated to take place very early 2022. The main unfavorable factor to consider included right into the ranking is the raised financial debt worry, though no added financial obligation is anticipated as well as the financial debt degrees remain in line with in a similar way ranked Texas MUDs. The financial debt problem is countered to some extent by the absence of a pension plan liability.RATING OUTLOOKMoody’s does not normally appoint expectations to city government companies with this quantity of financial debt outstanding.FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING- Significant tax obligation base development- Reduction of the financial obligation problem about evaluated valuationFACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING- Sustained as well as significant decrease in monetary books- Significant quantity of extra debtLEGAL SECURITYThe bonds are payable from a legitimately endless advertisement valorem tax obligation imposed on all taxed residential or commercial property within the district.USE OF PROCEEDSBond profits will certainly be utilized to create a water well at one of its water therapy facilities.PROFILEThe District was produced on April 24, 1985 and also is the supplier of tornado, wastewater as well as water drainage solutions to a 593 acre location about 30 miles west of the main enterprise zone of the City of Houston and also exists within the extraterritorial territory of the City of Houston. The District comes using U.S. Highway 290 and also U.S. Highway 6 as well as is within the Cypress-Fairbanks Independent School District (Aa1 stable). METHODOLOGYThe principal method made use of in this ranking was United States Local Government General Obligation Debt released in January 2021 as well as readily available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1260094. Please see the Rating Methodologies web page on www.moodys.com for a duplicate of this methodology.REGULATORY DISCLOSURESFor additionally spec of Moody’s essential score presumptions and also level of sensitivity evaluation, see the areas Methodology Assumptions and also Sensitivity to Assumptions in the disclosure kind. Moody’s Rating Symbols and also Definitions can be located at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For rankings released on a program, collection, category/class of financial obligation or protection this statement offers particular governing disclosures in regard to each score of an ultimately released bond or note of the exact same collection, category/class of financial debt, safety or according to a program for which the scores are acquired solely from existing scores according to Moody’s score techniques. For rankings released on an assistance company, this news offers particular governing disclosures in regard to the credit history ranking activity on the assistance supplier and also in connection with each specific credit scores score activity for protections that obtain their credit score rankings from the assistance carrier’s credit history score. For provisionary scores, this news supplies particular governing disclosures in connection with the provisionary score designated, as well as in connection with a conclusive score that might be appointed succeeding to the last issuance of the financial obligation, in each situation where the purchase framework as well as terms have actually not altered before the project of the clear-cut score in a way that would certainly have influenced the score. For more info please see the scores tab on the issuer/entity web page for the particular provider on www.moodys.com.Regulatory disclosures included in this news release put on the credit scores ranking and also, if relevant, the associated score expectation or ranking review.Moody’s basic concepts for examining ecological, social as well as administration (ESG) threats in our credit history evaluation can be located at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.Please see www.moodys.com for any type of updates on modifications to the lead score expert as well as to the Moody’s lawful entity that has actually provided the rating.Please see the rankings tab on the issuer/entity web page on www.moodys.com for added governing disclosures for each and every credit score ranking. Alexander Rawlings Lead Analyst REGIONAL_SOUTHWEST Moody’s Investors Service, Inc. Plaza Of The Americas 600 North Pearl St. Suite 2165 Dallas 75201 JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Orlie Prince Additional Contact REGIONAL_NE JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Releasing Office: Moody’s Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their associates and also licensors (jointly, “MOODY’S”). All civil liberties reserved.CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, INFORMATION and also solutions PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT HISTORY RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT REPORT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. 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MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE INAPPROPRIATE and also negligent FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.All info consisted of here is gotten by MOODY’S from resources thought by it to be trusted and also precise. As a result of the opportunity of mechanical or human mistake along with various other aspects, nonetheless, all details had here is given “AS IS” without service warranty of any type of kind. MOODY’S embraces all required actions to make sure that the info it makes use of in designating a debt score is of adequate top quality as well as from resources MOODY’S takes into consideration to be reputable consisting of, when ideal, independent third-party resources. MOODY’S is not an auditor as well as can not in every circumstances individually confirm or validate details gotten in the ranking procedure or in preparing its Publications.To the level allowed by legislation, MOODY’S as well as its supervisors, policemans, workers, representatives, reps, vendors as well as licensors disclaim obligation to any type of individual or entity for any type of indirect, unique, substantial, or subordinate losses or problems whatsoever occurring from or in link with the details had here or the usage of or lack of ability to utilize any type of such info, also if MOODY’S or any of its supervisors, police officers, staff members, representatives, reps, licensors or vendors is encouraged in advancement of the opportunity of such losses or problems, consisting of however not restricted to: (a) any type of loss of possible or existing earnings or (b) any kind of loss or damages emerging where the appropriate monetary tool is not the topic of a certain credit scores ranking appointed by MOODY’S. To the level allowed by regulation, MOODY’S as well as its supervisors, police officers, workers, representatives, licensors, distributors and also agents disclaim obligation for any kind of offsetting or straight losses or problems triggered to anybody or entity, consisting of yet not restricted to by any kind of oversight (however leaving out fraudulence, unyielding transgression or any kind of various other kind of obligation that, for the evasion of question, by regulation can not be left out) for, or any kind of backup within or past the control of, MOODY’S or any one of its supervisors, police officers, workers, representatives, reps, licensors or distributors, emerging from or about the details consisted of here or making use of or lack of ability to utilize any kind of such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Investors Service, Inc., a wholly-owned debt ranking company subsidiary of Moody’s Corporation (“MCO”), thus reveals that a lot of providers of financial debt safety and securities (consisting of business and also metropolitan bonds, bonds, notes and also business paper) and also liked supply ranked by Moody’s Investors Service, Inc. have, before job of any type of credit report ranking, consented to pay to Moody’s Investors Service, Inc. for credit score scores viewpoints as well as solutions made by it costs varying from $1,000 to roughly $5,000,000. MCO and also Moody’s Investors Service likewise preserve treatments as well as plans to attend to the freedom of Moody’s Investors Service debt scores as well as credit score ranking procedures. Details relating to particular associations that might exist in between supervisors of MCO and also ranked entities, as well as in between entities that hold credit scores from Moody’s Investors Service as well as have actually likewise openly reported to the SEC a possession passion in MCO of greater than 5%, is uploaded each year at www.moodys.com under the heading “Investor Relations– Corporate Governance– Director and also Shareholder Affiliation Policy.”Additional terms for Australia just: Any magazine right into Australia of this file is according to the Australian Financial Services License of MOODY’S associate, Moody’s Investors Service Pty Limited ABN 61 003 399 657 AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as suitable). This paper is meant to be supplied just to “wholesale customers” within the definition of area 761G of the Corporations Act 2001. By remaining to accessibility this record from within Australia, you stand for to MOODY’S that you are, or are accessing the paper as an agent of, a “wholesale customer” which neither you neither the entity you stand for will straight or indirectly distribute this record or its materials to “retail customers” within the definition of area 761G of the Corporations Act 2001. MOODY’S credit history ranking is a viewpoint regarding the credit reliability of a financial debt commitment of the provider, out the equity protections of the company or any type of type of safety that is offered to retail investors.Additional terms for Japan just: Moody’s Japan K.K. (“MJKK”) is a wholly-owned debt ranking company subsidiary of Moody’s Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan K.K. (“MSFJ”) is a wholly-owned credit scores ranking company subsidiary of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Credit report scores appointed by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit Ratings are appointed by an entity that is not a NRSRO as well as, as a result, the ranked commitment will certainly not get approved for specific sorts of therapy under U.S. regulations. MJKK and also MSFJ are credit report score companies signed up with the Japan Financial Services Agency as well as their enrollment numbers are FSA Commissioner (Ratings) No. 2 and also 3 respectively.MJKK or MSFJ (as appropriate) thus divulge that a lot of providers of financial obligation protections (consisting of community and also business bonds, bonds, notes and also business paper) as well as chosen supply ranked by MJKK or MSFJ (as appropriate) have, before task of any type of credit report score, accepted pay to MJKK or MSFJ (as appropriate) for credit scores point of views as well as solutions made by it costs varying from JPY100,000 to around JPY550,000,000. MJKK and also MSFJ additionally keep treatments as well as plans to deal with Japanese regulative demands.

Moody’s Rating Symbols and also Definitions can be located at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For scores released on a program, collection, category/class of financial debt or protection this statement supplies particular governing disclosures in connection to each score of a consequently provided bond or note of the very same collection, category/class of financial debt, safety and security or pursuant to a program for which the scores are obtained specifically from existing scores in conformity with Moody’s score methods. For rankings provided on an assistance service provider, this statement supplies specific regulative disclosures in relationship to the debt score activity on the assistance service provider as well as in connection to each certain credit history score activity for safeties that acquire their credit score scores from the assistance company’s credit history ranking. For provisionary rankings, this statement offers particular governing disclosures in connection to the provisionary score designated, as well as in connection to a conclusive score that might be designated succeeding to the last issuance of the financial debt, in each instance where the purchase framework as well as terms have actually not transformed prior to the job of the clear-cut ranking in a fashion that would certainly have impacted the score. For more info please see the rankings tab on the issuer/entity web page for the particular provider on www.moodys.com.Regulatory disclosures consisted of in this press launch use to the debt ranking and also, if suitable, the associated ranking expectation or ranking review.Moody’s basic concepts for analyzing ecological, social as well as administration (ESG) dangers in our credit history evaluation can be located at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.Please see www.moodys.com for any kind of updates on adjustments to the lead score expert and also to the Moody’s lawful entity that has actually provided the rating.Please see the scores tab on the issuer/entity web page on www.moodys.com for extra governing disclosures for each credit score score. To the degree allowed by regulation, MOODY’S and also its supervisors, policemans, staff members, representatives, licensors, agents as well as providers disclaim obligation for any type of countervailing or straight losses or problems created to any kind of individual or entity, consisting of yet not restricted to by any kind of neglect (however leaving out scams, unyielding transgression or any kind of various other kind of responsibility that, for the evasion of question, by regulation can not be left out) on the component of, or any kind of backup within or past the control of, MOODY’S or any of its supervisors, policemans, staff members, representatives, agents, licensors or vendors, occurring from or in link with the info had here or the usage of or lack of ability to utilize any kind of such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Investors Service, Inc., a wholly-owned credit scores ranking company subsidiary of Moody’s Corporation (“MCO”), thus divulges that many providers of financial obligation protections (consisting of company and also community bonds, bonds, notes and also industrial paper) as well as favored supply ranked by Moody’s Investors Service, Inc. have, previous to job of any type of credit report score, concurred to pay to Moody’s Investors Service, Inc. for credit report scores point of views and also solutions made by it charges varying from $1,000 to about $5,000,000.

Source: https://finance.yahoo.com/news/harris-county-municipal-utility-dist-180504370.html

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