CUSIP 236505GP2
- ISIN: US236505GP21
- Entity Name: City of Danville, Illinois
- Sector: Municipal
- Announcement Date: 22-Feb-2018
- Effective Date: 09-Feb-2018
- Issue Date: *****
- Maturity Date: 01-Dec-2027
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Downgrade
- News: The City of Danville, Vermilion County, Illinois (the City), pursuant to issuing its General Obligation Bonds, Series 2007, and General Obligation Bonds, Series 2009 (collectively, the Bonds), entered into undertakings (the Undertakings) to file notice of certain material events with respect to such securities as required by Rule 15c2-12 of the Securities Exchange Act of 1934. Among the material events for which notice is required by the Undertakings is a change in the Citys bond rating. In accordance with the Undertakings, notice is hereby given to owners of the Bonds that on February 9, 2018, Moodys Investors Service, Inc. (Moodys) downgraded the underlying credit rating of the Bonds from Baa2 (Negative Outlook) to Baa3 (Stable Outlook). Any explanation of the significance of such ratings can be obtained from Moodys. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: City of Danville, Illinois CUSIP: 236505GP2 Currency: USD City of Danville, Illinois announced today that the Moody’s Investors Service has downgraded the ratings of the Series 2009, General Obligation Bonds from Baa2 to Baa3 on February 9, 2018.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US236505GP21
