NEW YORK - Moody's Investors Service said it has affirmed the A2 rating assigned to DCH Healthcare Authority, Ala's (DCH) $102 million of outstanding bonds.
The outlook has been revised to stable from negative, reflecting a material improvement in financial performance in fiscal year 2009 and Moody's expectation that DCH will maintain financial performance at levels comparable to or better than FY 2007 and prior.
Issuance continues to drive performance in the muni market. Despite Friday's run-up in USTs, muni yields adjusted "less dramatically," said Ajay Thomas, head of public finance at FHN Financial.
"I would say we were pleasantly surprised that there aren't mandates that are laced in this proposal," GFOA's Emily Brock said.
Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."
The developer faces no penalties from the missed interest payment.
The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.
The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.
