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Online Resource Database

Most resources in the ORD are available to CDFA members only. CDFA members should login with their CDFA Account at the top of the page to access the full set of resources. Non-members are encouraged to join CDFA today to gain access to the entire database.

Search Results: Bond Rating Agencies
Displaying 1 - 50 of 55 Previous | Next | New Search
CDFA - PFM Capital Markets Webinar Series: Regulatory Landscape with MSRB and SEC FrameworkMembers only Login
This session discussed the recent amendments and how to prepare. The discussion included insights and reminders about how to remain compliant in all areas from main regulatory bodies for bond financing in the capital markets. Speakers on this...
Moody's Assigns its First Green Bond Assessment to Dutch Mortgage DealMembers only Login
Moody's Investors Service has released a report from their first assigned Green Bond Assessment (GBA) of GB1 to GREEN STORM 2016 B.V., a Dutch green residential mortgage-backed securitisation (RMBS).
Assessing Green Bonds
In response to the expansive growth in U.S. Public Finance green bond issuance, Moody’s has recently launched its Green Bond Assessment (GBA) service. Henry Shilling will explain green bonds and how a GBA will provide green bond issuers an...
The Partners Involved - Ratings AgencyMembers only Login
Richard Raphael of Long View Consulting shares how a rating agency is involved in a bond transaction, defining the key factors and process.
CDFA // BNY Mellon Webcast Series: Muni Bond Market: Continued Strength or Volatility? An Outlook on 2016Members only Login
During this CDFA // BNY Mellon Development Finance Webcast, hear from muni bond experts as they reflect on 2015 and forecast the rest of 2016.
CDFA // BNY Mellon Webcast Series: Muni Bond Market: Continued Strength or Volatility? An Outlook on 2016Members only Login
In these CDFA // BNY Mellon Development Finance Webcast slides, hear from muni bond experts as they reflect on 2015 and forecast the rest of 2016.
The Partners Involved - Rating AgencyMembers only Login
Richard Raphael of Fitch Ratings details the role of the rating agency in a bond transaction including information on credit, general obligation bonds, revenue bonds and the rating process overall.
CDFA // BNY Mellon Webcast Series: Evaluating Credit Risk in the Muni MarketMembers only Login
During this CDFA // BNY Mellon Development Finance Webcast, speakers Rachel Cortez of Moody's Investor Service, Laura Kuffler-MacDonald of Standard & Poor's, and Richard Raphael of Fitch Ratings go over the role of credit ratings in the bond...
CDFA // BNY Mellon Webcast Series: Evaluating Credit Risk in the Muni Market
During this CDFA // BNY Mellon Development Finance Webcast, speakers Rachel Cortez of Moody's Investor Service, Laura Kuffler-MacDonald of Standard & Poor's, and Richard Raphael of Fitch Ratings go over the role of credit ratings in the bond...
Who Buys Bonds - An Overview of How Municipal Securities are SoldMembers only Login
Dan Massiello with Kosmont Companies looks at the variety of buyers participating in the bond markets, including mutual and pension funds, insurance companies, institutional investors and more. Massiello also discusses market forces and credit...
Financing Education Projects in Rural AmericaMembers only Login
Bob Pennington and Chuck Ellingsworth with Raymond James gave an overview of a market update, the higher education sector, public universities, private college credit analysis, and the Raymond James USDA Team. Various case studies were presented as...
Partners Involved - Rating AgencyMembers only Login
Bern Fischer of Fitch Ratings details the roles of the rating agency in a bond transaction including information on credit, general obligation bonds, revenue bonds and the rating process overall.
CDFA // BNY Mellon Webcast Series: Muni Market Momentum - Forecasting 2015Members only Login
This webcast examines last year’s trends considering volume estimates, rate predictions, and other factors that could influence the municipal bond market in 2015. Speakers include Rena Nakashima from The Bank of New York Mellon, Amy Laskey of Fitch...
Bond Issuance in the U.S.Members only Login
David Safer of BNY Mellon analyzes bond issuance by state and sector type while also discussing the concerns and market drivers behind the trends shown.
Partners Involved - Rating AgencyMembers only Login
Bern Fischer of Fitch Ratings details the roles of the rating agency in a bond transaction including information on credit, general obligation bonds, revenue bonds and the rating process overall.
Bonds as the Bedrock of Development FinanceMembers only Login
Daniel Martinez of Winstead PC discusses bonds as the bedrock of development finance and how this long-standing tool can be used today.
U.S. Public Finance 2013 Transition & Default Study
Fitch Ratings released this special report which analyzes and rates migration and default experience of Fitch-rated U.S. public finance securities in 2013.
U.S. Public Finance Special Tax MethodologyMembers only Login
This methodology from Moody's describes the ratings agency's approach to evaluating the credit of Special Tax Bonds.
Who Buys Bonds - An Overview of How Municipal Securities are SoldMembers only Login
Dan Massiello with Kosmont Companies looks at the variety of buyers participating in the bond markets, including mutual and pension funds, insurance companies, institutional investors and more. Massiello also discusses market forces and credit...
Accessing the U.S. Capital MarketsMembers only Login
Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...
The Partners Involved: Rating AgenciesMembers only Login
John DeLuca from Fitch Ratings discusses the important role a rating agencies has in a bond transaction. John details what a rating is and why it is important, key rating factors, the rating process, and impact of regulatory changes on issuers.
Understanding Municipal Market Indices, Yield Curves and BenchmarksMembers only Login
The MSRB produced this guide to understanding various measures of municipal bond interest rates.
Debt Rating Drivers for Renewable Power Projects
Chris Joassin of Fitch Ratings covers the company's approach to rating bonds issued for renewable energy projects.
Rating Methodology: Public Sector Pool FinancingsMembers only Login
This ratings methodology from Moody's Investor Service reviews the firm's approach to evaluating the credit of pool financings and addresses a number of related considerations.
Rating U.S. Structured Finance Transactions Backed by Direct Pay Letters of CreditMembers only Login
This report from DBRS discusses the company's methodology for rating financings enhanced with a direct pay letter of credit. Topics include sizing analysis, LOC replenishment, and operational risks.
Will Securitization Help Fuel U.S. Solar Power Industry?Members only Login
This report from Andrew J. Giudici of Standard & Poor's discusses whether securitization may be a viable option for solar developers. Topics include credit challenges posed by changing panel and energy prices.
The Ratings AgenciesMembers only Login
Chris Valtin of Fitch Ratings discusses bond ratings: what they are, what they mean, and how they are acquired.
Understanding TIF Bond FinancingMembers only Login
Laura Radcliff from Stifel Nicolaus & Company gives this presentation outlining the basics of TIF bonds. She reviews credit analysis, the process for issuing bonds, offering documents, the ratings process, and continuing disclosure.
CDFA Bond Finance Resource Center
The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...
Debt Rating Drivers for Renewable Power ProjectsMembers only Login
Gregory Remec from Fitch Ratings gives this presentation about the renewable energy industry and the approach that Fitch has for assigning debt ratings for renewable energy power projects. He also outlines some of the key criteria they look for in...
U.S. State and Local Government Bond Credit QualityMembers only Login
This presentation by Eric Friedland discusses the approach Fitch Ratings applies to evaluations of state and local bond credit quality. The approach is demonstrated through several case studies.
The Role of the Rating AgenciesMembers only Login
Chris Valtin of Fitch Ratings gives this presentation outlining the basic role of the rating agencies in the bond financing process. He also discusses the rating process and the meaning behind the variety of ratings that exist.
Standard & Poor's: Tax Increment FinanceMembers only Login
Sussan Corson of Standard & Poor's explains the criteria used when evaluating credit risk in TIF deals.
Fitch Comments on U.S. Financial Reform Act's Implication for Credit Rating AgenciesMembers only Login
This article from Fitch Ratings addresses the impact of the financial reform bill on the rating agencies and other market participants. While changes related to rating agencies will be felt most in other areas, such as mortgage-based securities, the...
Management Capacity and State Municipal Bond Ratings: Evidence With the GPP GradesMembers only Login
This study, authored by Jerry Zhao and David Guo, finds that states with higher GPP grades tend to have higher state GO bond ratings, but the relationship may be nonlinear as people are more sensitive to the extremes of perceived performance. In...
Engaging the Rating Agencies
Questions relating to the role of the rating agencies have become more common do to economic conditions as many local governments and authorities struggle to understand the process of issuing a rating and its meaning. This article summarizes the...
Engaging the Rating Agencies: Standard & Poor'sMembers only Login
This presentation by Pamela Berkowitz of Standard & Poor's explains the basics of how ratings work and the recent recallibration process of municipal bond ratings.
Fitch Ratings: Engaging the Rating AgenciesMembers only Login
Amy Doppelt covers Fitch's approach to rating tax-supported and TIF issues, ratings recallibrations, and tips for engaging the rating agencies in this presentation.
Credit Ratings: A Rating Agency PerspectiveMembers only Login
Gail Sussman of Moody's covers the basics of bond ratings and explains Moody's process and methodology for issuing their reports.
The Rating AgenciesMembers only Login
Chris Valtin of Fitch Ratings explains the role of the rating agencies in the bond process and what rating agency opinions mean.
Definitions of Ratings and Other Forms of Opinion
Rating agencies play an important role in the development finance industry. This document by Fitch Ratings looks at the meaning of different ratings and the scales used when opinions are issued.
Understanding Credit Ratings - Limitations and Usage
Fitch Ratings provides a summary of how credit ratings work. It includes what the different ratings mean and how to use them, including their limitations.
Revenue-Supported Rating Criteria
This report presents Fitch Ratings’ criteria for assigning credit ratings to revenue-supported obligations and entities in the public finance sector and discusses the key qualitative and quantitative factors that influence a borrower’s expected...
Rating Considerations for Tax Increment /Tax Allocation BondsMembers only Login
Kelly McGary of Fitch Ratings discusses the criteria and process used by Fitch to rate TIF projects and bond deals.
U.S. Public Finance Rating Actions for Third-Quarter 2009Members only Login
This report by Fitch Ratings examines the public finance-related actions that the agency took during the third quarter of 2009. Downgrades outnumbered upgrades by two to one, and Fitch expects downgrades to outpace upgrades for at least another...
The Rating AgenciesMembers only Login
This presentation by Chris Valtin of Fitch Ratings explains the role of the rating agency in the bond finance process, including what a rating means and how it is calculated.
Toward a Global Regulatory Framework for Credit Ratings
Standard & Poor’s Ratings Services (S&P) recently released this white paper examining the recent changes to the markets and the roles of credit agencies under these new global conditions. It concludes with a series of recommendation that credit...
Tax Increment Bonds: Rating Criteria and TrendsMembers only Login
Sussan Corson, with Standard & Poor's, discusses tax increment finance bonds from the rating agency's prospective.
Standard & Poor's Municipal Bond Index: Index Methodology
The S&P National Municipal Bond Index is a broad, comprehensive, market-value-weighted index designed to measure the performance of the investment-grade U.S. municipal bond market. The publication explains the eligibility criteria, index...
Tax Increment Bond CriteriaMembers only Login
Dave Hitchcok from Standard and Poor's discusses TIF bonds from the rating agency perspective and what key elemnets are necessary to achieve a particular rating.
Displaying 1 - 50 of 55 Previous | Next | New Search

CDFA National Sponsors

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  • MuniCap, Inc.
  • NW Financial Group, LLC
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  • Z. The Bond Buyer
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