Moody's assumption of unconditional support from Abu Dhabi (Aa2
stable) to the federal government.
At the same time, Moody's affirmed the long-term Aa2
issuer rating.The key drivers of the outlook change are (1) effective policy response to the low oil price environment via an acceleration in the country's reform agenda; (2) expected improvement in the fiscal and current account positions; and (3) the economy's growth and diversification prospects.The affirmation of the Aa2
rating incorporates Moody's view that the government of Abu Dhabi (Aa2
stable), the wealthiest of the seven emirates that compose the UAE, stands fully behind the federal government of the UAE.
Moody's Investors Service has assigned a Aa2
rating to Sun Prairie Area School District, WI's $9.3 million General Obligation Refunding Bonds.
....USD50 million GMTN 846 due February 3, 2030, Assigned Aa2
Other governments rated by Moody's at Aa2
a very high investment grade rating include those of Italy Portugal and Slovenia which are all members of the euro zone.
The agency placed TMNF's Aa2
insurance financial strength rating on downgrade review on 22 December, reflecting the announcement by its holding company, Tokio Marine Holdings Inc (TYO:8766), that it would acquire, via TMNF, US Delphi Financial Group Inc (NYSE:DFG).
The confirmation of Kuwait's Aa2
rating reflects Moody's view that, despite the negative effect of a protracted period of low oil prices on the economy, government finances and external strength, the sovereign's overall credit profile remains consistent with a Aa2
Issue: General Obligation Tax Increment Refunding Bonds, Series 2016B; Rating: Aa2
; Rating Type: Underlying LT; Sale Amount: $2,575,000; Expected Sale Date: 03/22/2016; Rating Description: General Obligation;
Moody's Investors Service says in its annual credit report on Newfoundland and Labrador that the Aa2
debt rating with stable outlook assigned to the province reflects a favourable debt profile and low debt service which helps to mitigate the current period of deficits and volatility in revenues stemming from resource royalties.
rating for Qatari government's new global bonds is based on the state of Qatar's Aa2
sovereign issuer rating, given that any direct government obligation whose repayment is handled by the Qatari Ministry of Economy and Finance receives a rating equivalent to that of the government.
The rating agency decreased by two notches the credit assessment of Landesbank Hessen-Thueringen to A1 from Aa2
, SaarLB to A3 from A1 and HSH Nordbank to Baa2 from A3.