CUSIP 616110DC3

  • ISIN: US616110DC37
  • Entity Name: Town of Mooresville
  • Sector: Municipal
  • Announcement Date: 22-Aug-2018
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: 01-May-2029
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Rating Upgrade
  • News: Moody`s Investors Service has upgraded the rating to Aa2 from Aa3 on the Town of Mooresville, NC`s $55.1 million Enterprise System Revenue bonds. RATINGS RATIONALE The upgrade to Aa2 reflects the growing size and diversity of the service area`s economic base, strong management practices including comprehensive fiscal policies, an active pay-go capital improvement program, regular rate reviews and long term planning. The rating also incorporates ample debt service coverage (2.5 times) and liquidity level (1,252 days cash on hand). Legal provisions are satisfactory with no debt service reserve requirement which is offset by maintenance of healthy reserves.
  • Description: Municipal Name: Town of Mooresville CUSIP: 616110DC3 Currency: USD Town of Mooresville announced today that the Moody`s Investors Service has upgraded the ratings related to the Series 2012, Enterprise System Revenue Bonds from Aa3 to Aa2.
  • Bond Document:
  • Latest Corporate Actions:

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