City of Benton

  • Issue Currency: United States of America Dollars
  • Announcement Date: 07-Nov-2018
  • News: This Notice is being provided by the City of Benton, Arkansas with respect to the abovereferenced bonds (the ""Bonds""). Please note that the material event notices for the rating changes described below were not filed timely, and this Notice serves to provide notice of such rating changes. When issued, the Bonds received an underlying rating from Moody`s Investors Service (""Moody`s"") of A3 and a rating from Moody`s of Aa3 (on review for possible downgrade) based upon the issuance by Assured Guaranty Municipal Corp. of a bond insurance policy insuring the payment when due of the principal of and interest on the Bonds. Please be advised that on October 1, 2018, Moody`s upgraded the underlying rating of the Bonds from A3 to A2 with no outlook and on January 17, 2013 downgraded the insured rating of the Bonds to A2. For further information regarding the ratings and an explanation of the significance of such ratings, please contact Moody`s.

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