Woodmen Road Metropolitan District


CUSIP *****
  • Issue Currency: *****
  • Announcement Date: 24-Aug-2018
  • News: NOTICE IS HEREBY GIVEN that the District failed to provide its audited financial statements for the fiscal years ended December 31, 2016 and December 31, 2017 and certain operating data for the fiscal years ended December 31, 2013 through December 31, 2017 required pursuant to the Districts continuing disclosure obligations with respect to the Bonds. The District is filing such information concurrently herewith. The Districts audited financial statements for the fiscal years ended December 31, 2016 and December 31, 2017 were filed on August 24, 2018 with the Municipal Securities Rulemaking Board via its Electronic Municipal Market Access (EMMA) website, which can be found at www.emma.msrb.org, and are herein incorporated by reference. Included below is certain operating data for the District for the fiscal years ended December 31, 2013 through December 31, 2017.
CUSIP 979844BM8
  • Issue Currency: United States of America Dollars
  • Announcement Date: 24-Aug-2018
  • News: NOTICE IS HEREBY GIVEN of certain rating actions in connection with the Bonds. The principal of and interest on the Bonds when due is guaranteed by Assured Guaranty Municipal Corp. (formerly Financial Security Assurance Inc.) (the Bond Insurer) under financial guarantee insurance policies. On March 18, 2014, S&P Global Ratings (S&P) issued a rating action in which it downgraded its rating on the Bonds from AAA to AA. Such rating action is not attributable to the underlying credit of the District, but based on S&Ps rating action in which it downgraded the Bond Insurers strength rating from AAA to AA. Additionally, on August 17, 2018, S&P issued a rating action in which it upgraded its underlying rating on the Bonds from A- to A. In their rating report, S&P attributed such rating action to the Districts improved assessed valuation and trend of strong debt service fund balances in recent years. All ratings affected by these rating actions and analyses can be found on S&Ps public website at www.standardandpoors.com.
CUSIP 979844BL0
  • Issue Currency: United States of America Dollars
  • Announcement Date: 24-Aug-2018
  • News: NOTICE IS HEREBY GIVEN of certain rating actions in connection with the Bonds. The principal of and interest on the Bonds when due is guaranteed by Assured Guaranty Municipal Corp. (formerly Financial Security Assurance Inc.) (the Bond Insurer) under financial guarantee insurance policies. On March 18, 2014, S&P Global Ratings (S&P) issued a rating action in which it downgraded its rating on the Bonds from AAA to AA. Such rating action is not attributable to the underlying credit of the District, but based on S&Ps rating action in which it downgraded the Bond Insurers strength rating from AAA to AA. Additionally, on August 17, 2018, S&P issued a rating action in which it upgraded its underlying rating on the Bonds from A- to A. In their rating report, S&P attributed such rating action to the Districts improved assessed valuation and trend of strong debt service fund balances in recent years. All ratings affected by these rating actions and analyses can be found on S&Ps public website at www.standardandpoors.com.



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