AA2Amnion Antigens 2
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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.
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 rating.
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.
The Aa2 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.