Rincon Valley Union Elementary School District


CUSIP 76778PCC6
  • Issue Currency: United States of America Dollars
  • Announcement Date: 30-Jun-2017
  • News: On June 26, 2017, S&P Global Ratings lowered its financial strength rating on National Public Finance Guarantee Corp. (National) to A from AA- and its long-term counterparty credit rating on MBIA Inc. to BBB from A-. The ratings on these insurers have been removed from CreditWatch Negative where they were initially placed on June 6, 2017. The outlooks are stable. For Bond Document please visit www.BondPDF.com
CUSIP 76778PCC6
  • Issue Currency: United States of America Dollars
  • Announcement Date: 19-Sep-2018
  • News: The aforementioned financings and all other issues insured by National Public Finance Guarantee Corporation (""Insurer"") have had their insured ratings changed. Notice is hereby given that the rating with respect to the Insurer was downgraded by Moody`s Investors Service. The rating for the Insurer has been subject to the following rating action: On January 17, 2018 - Moody`s Investor Service, (""Moody`s"") has downgraded the senior debt rating of MBIA Inc. (MBIA) to Ba3 from Ba1 and the insurance financial strength (IFS) rating of its principal operating s ubsidiary, National Public Finance Guarantee Corporation (National), to Baa2 from A3. The outlook for the ratings is stable. An explanation of the signficance of the new rating may be obtained from the rating agency. The new rating reflects only the view of the rating agency and is not a recommendation to buy, sell, or hold the obligations. The issuer, of the aforementioned financings (""Issuer"") makes no represenation as to the appropriateness of the new rating. Rating changes qualifies as a listed event as to which the Issuer is required to file notice to satisfy the Issuers continuing disclosure requirements under Rule 15c2-12 of the Securities and Exchange Commission (SEC) with respect to the Issuers obligations listed above. The information in this Notice of Significant Event is provided solely to comply with the Issuers contractual commitment to provide notice of certain events. This Notice of Material Event is not made by the Issuer in connection with a purchase or sale of the obligations and accordingly is not intended to contain all information material to a decision to purchase or sell the obligations.
CUSIP 76778PCB8
  • Issue Currency: United States of America Dollars
  • Announcement Date: 19-Sep-2018
  • News: The aforementioned financings and all other issues insured by National Public Finance Guarantee Corporation (""Insurer"") have had their insured ratings changed. Notice is hereby given that the rating with respect to the Insurer was downgraded by Moody`s Investors Service. The rating for the Insurer has been subject to the following rating action: On January 17, 2018 - Moody`s Investor Service, (""Moody`s"") has downgraded the senior debt rating of MBIA Inc. (MBIA) to Ba3 from Ba1 and the insurance financial strength (IFS) rating of its principal operating su bsidiary, National Public Finance Guarantee Corporation (National), to Baa2 from A3. The outlook for the ratings is stable. An explanation of the signficance of the new rating may be obtained from the rating agency. The new rating reflects only the view of the rating agency and is not a recommendation to buy, sell, or hold the obligations. The issuer, of the aforementioned financings (""Issuer"") makes no represenation as to the appropriateness of the new rating. Rating changes qualifies as a listed event as to which the Issuer is required to file notice to satisfy the Issuers continuing disclosure requirements under Rule 15c2-12 of the Securities and Exchange Commission (SEC) with respect to the Issuers obligations listed above. The information in this Notice of Significant Event is provided solely to comply with the Issuers contractual commitment to provide notice of certain events. This Notice of Material Event is not made by the Issuer in connection with a purchase or sale of the obligations and accordingly is not intended to contain all information material to a decision to purchase or sell the obligations.



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