CUSIP 616110DC3

• ISIN: US616110DC37
• Entity Name: Town of Mooresville
• Sector: Municipal
• Announcement Date: *****
• Effective Date: *****
• Issue Date: *****
• Maturity Date: *****
• Country of Issuer: *****
• Region: N.Amer
• Issue Currency: *****
• 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: *****
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US616110DC37