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PRELIMINARY OFFICIAL STATEMENT MAY 9, 2016RATINGS: Moody's __ S&P __ (See MISCELLANEOUS Ratings) In the opinion of Adams and Reese LLP, Bond Counsel, under existing law and assuming compliance with
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Book-entry only ratings from Moody's refers to a system of recording ownership of securities where physical certificates are not issued. Instead, ownership is maintained electronically by a central depository, enhancing efficiency and reducing costs.
Entities that issue securities and rely on Moody's ratings for those securities are required to file book-entry only ratings. This usually includes government agencies, corporations, and municipalities.
To fill out book-entry only ratings, entities generally need to complete a form provided by Moody's, detailing the security information, issuer details, and relevant financial data. It's essential to follow the guidelines set by Moody's for accurate filing.
The purpose of book-entry only ratings from Moody's is to provide a reliable assessment of the creditworthiness of the issuing entities, enabling investors to make informed decisions and improving market efficiency.
Information required typically includes the issuer's name, the type of security, the amount being issued, the maturity date, and relevant financial metrics that affect the credit rating.
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