Fort Bend County Municipal Utility District No. 26

• Issue Currency: United States of America Dollars
• Announcement Date: 27-Jun-2017
• News: The District filed material event notices for numerous rating changes which occurred (i) on or about February 18, 2009, S&P downgraded MBIA Illinois (hereinafter National) from ""AA"" to ""AA-,"" (ii) on or about June 5, 2009, S&P downgraded National from ""AA-"" to ""A,"" (iii) on or about December 22, 2010, S&P downgraded National from ""A"" to ""BBB,"" (iii) on or about February 28, 2013, S&P downgraded National from ""BBB"" to ""BB,"" (iv) on or about May 8, 2013, S&P upgraded National from ""BB"" to ""BBB,"" (v) on or about May 10, 2013, S&P upgraded National from ""BBB"" to ""A,"" and (vi) on or about March 18, 2014, S&P upgraded rating of National from ""A"" to ""AA-."" This material event relates to Nationals downgraded rating by S&P from ""AA-"" to ""A,""which occurred on or about June 26, 2017. For Bond Document please visit www.BondPDF.com

• Issue Currency: United States of America Dollars
• Announcement Date: 27-Jun-2017
• News: The District filed material event notices for numerous rating changes which occurred (i) on or about February 18, 2009, S&P downgraded MBIA Illinois (hereinafter National) from ""AA"" to ""AA-,"" (ii) on or about June 5, 2009, S&P downgraded National from ""AA-"" to ""A,"" (iii) on or about December 22, 2010, S&P downgraded National from ""A"" to ""BBB,"" (iii) on or about February 28, 2013, S&P downgraded National from ""BBB"" to ""BB,"" (iv) on or about May 8, 2013, S&P upgraded National from ""BB"" to ""BBB,"" (v) on or about May 10, 2013, S&P upgraded National from ""BBB"" to ""A,"" and (vi) on or about March 18, 2014, S&P upgraded rating of National from ""A"" to ""AA-."" This material event relates to Nationals downgraded rating by S&P from ""AA-"" to ""A,""which occurred on or about June 26, 2017. For Bond Document please visit www.BondPDF.com