University of West Alabama
- Issue Currency: *****
- Announcement Date: 08-Nov-2018
- News: NOTICE IS HEREBY GIVEN that the Obligated Person did not file its FYE 2010-2017 annual financial information with respect to the above-named Bonds as required. The Obligated Person filed such information with Bloomberg, but not with EMMA. The Obligated Person has filed such information for years 2010-2012 with EMMA on November 5, 2014, such information for years 2016-2017 on October 9, 2018 and such information for years 2013-2015 on October 16, 2018 with respect to the above-named bonds. The University also did not file a Material Events Notice with respect to its underlying rating downgrades and the ratings downgrades of its Bond Insurer, Assured Guaranty Corp. that were due in years 2015-2017, nor did the University file a notice for the addition of an S&P insured rating Those downgrades, and the addition of an S&P rating, were as follows: On July 31, 2015 Moodys downgraded the underlying rating of the University from A2 to A3. On January 27, 2017 Moodys downgraded the underlying rating of the University from A3 to Baa1. On January 27, 2017 Moodys downgraded the insured rating for the Series 2010 Bonds from A2 to A3. On January 12, 2017 S&P assigned an insured rating for the Series 2010 Bonds of AA. The University has engaged a third party Dissemination Agent to assist with future compliance.