Moody's Research Reports give you an in-depth perspective into the credit quality of an issuer. Each report is a comprehensive credit analysis examining the financial strength and risk factors particular to each issuer.

Search reports:

By Date
By Issuer
General Obligations

Florida Moody's Research Reports

Date Issuer Report Description
04/18/17
6:13 pm
Pembroke Pines (City of) FL MOODY'S ASSIGNS A1 TO THE CITY OF PEMBROKE PINES' (FL) $46M CAPITAL IMPROVEMENT REV. REF. BONDS, SER. 2017
04/18/17
2:27 pm
Florida Department of Transportation MOODY'S UPGRADED FLORIDA DEPARTMENT OF TRANSPORTATION ALLIGATOR ALLEY TO AA3; OUTLOOK STABLE
04/18/17
12:00 am
Florida Department of Transportation FLORIDA DEPARTMENT OF TRANSPORTATION - ALLIGATOR ALLEY: UPDATE: MOODY'S UPGRADED FLORIDA DEPARTMENT OF TRANSPORTATION ALLIGATOR ALLEY TO AA3; OUTLOOK STABLE
04/18/17
12:00 am
Pembroke Pines (City of) FL PEMBROKE PINES (CITY OF), FL: NEW ISSUE - MOODY'S ASSIGNS A1 TO THE CITY OF PEMBROKE PINES' (FL) $46M CAPITAL IMPROVEMENT REV. REF. BONDS, SER. 2017
04/17/17
3:28 pm
Florida State Department of Managment Svcs. MOODY'S ASSIGNS AA2 TO $188.8M FL FACILITIES POOL REV. REF. BONDS, SER. 2017A; OUTLOOK STABLE
04/17/17
3:11 pm
Osceola County School District, FL SCHOOL DISTRICT OF OSCEOLA COUNTY, FL: ANNUAL COMMENT ON OSCEOLA COUNTY SD
04/17/17
12:00 am
Florida State Department of Managment Svcs. FLORIDA (STATE OF): NEW ISSUE - MOODY'S ASSIGNS AA2 TO $188.8M FL FACILITIES POOL REV. REF. BONDS, SER. 2017A; OUTLOOK STABLE
04/12/17
5:46 pm
Miami-Dade (County of) FL MOODY'S ASSIGNS AA3 TO MIAMI-DADE CO.'S (FL) $82M NON-AD VALOREM BONDS; OUTLOOK STABLE
04/12/17
12:00 am
Miami-Dade (County of) FL MIAMI-DADE (COUNTY OF) FL: NEW ISSUE - MOODY'S ASSIGNS AA3 TO MIAMI-DADE CO.'S (FL) $82M NON-AD VALOREM BONDS; OUTLOOK STABLE
04/11/17
5:07 pm
State University System of Florida, FL MOODY'S ASSIGNS AA2 TO THE STATE UNIVERSITY SYSTEM OF FLORIDA'S $26M SER. 2017A BONDS; OUTLOOK STABLE
04/11/17
12:00 am
State University System of Florida, FL STATE UNIVERSITY SYSTEM OF FLORIDA, FL: NEW ISSUE - MOODY'S ASSIGNS AA2 TO THE STATE UNIVERSITY SYSTEM OF FLORIDA'S $26M SER. 2017A BONDS; OUTLOOK STABLE
04/10/17
12:00 am
Florida (State of) FLORIDA PRéCIS
04/07/17
3:11 pm
Miami-Dade County School District, FL MOODY'S ASSIGNS AA3 TO MIAMI-DADE COUNTY S.D., FL'S $250M GO BONDS
04/07/17
12:00 am
Miami-Dade County School District, FL MIAMI-DADE COUNTY SCHOOL DISTRICT, FL: NEW ISSUE - MOODY'S ASSIGNS AA3 TO MIAMI-DADE COUNTY S.D., FL'S $250M GO BONDS
04/03/17
5:26 pm
Hillsborough County School District, FL MOODY'S ASSIGNS AA2 TO HILLSBOROUGH CSD, FL'S $33.6M COPS, SER. 2017; OUTLOOK REVISED TO STABLE
04/03/17
12:00 am
Hillsborough County School District, FL HILLSBOROUGH COUNTY SCHOOL DISTRICT, FL: NEW ISSUE: MOODY'S ASSIGNS AA2 TO HILLSBOROUGH CSD, FL'S $33.6M COPS, SER. 2017; OUTLOOK REVISED TO STABLE
03/30/17
6:20 pm
Clay County Housing Finance Authority, FL, Single Family Mortgage Revenue Bonds, Series 2007A-1 & Series 2007A-2 (Multi-County Program), $27.4MM MOODY'S UPGRADES CLAY CNTY HSG FIN AUTH., FL SINGLE FAMILY MTGE REV BDS, SER 2007A
03/29/17
6:18 pm
Hollywood Community Redevelopment Agency, FL MOODY'S UPGRADES HOLLYWOOD CRA'S REVENUE BONDS TO A2
03/29/17
12:00 am
Hollywood Community Redevelopment Agency, FL HOLLYWOOD COMMUNITY REDEVELOPMENT AGENCY, FL: UPDATE - MOODY'S UPGRADES HOLLYWOOD CRA'S REVENUE BONDS TO A2
03/27/17
6:15 pm
NCH Healthcare System, Inc. MOODY'S AFFIRMS NCH HEALTHCARE SYSTEM'S (FL) A2 RATING, OUTLOOK REMAINS STABLE
03/27/17
3:08 pm
Miami (City of) FL MOODY'S UPDATES DETAILS OF MIAMI'S (FL) SPECIAL OBLIGATION (STREETS & SIDEWALKS) REFUNDING BONDS; RATINGS UNAFFECTED
03/27/17
12:00 am
JEA, FL JEA'S PLAN TO DECOMMISSION COAL-FIRED POWER PLANT IS CREDIT POSITIVE
03/27/17
12:00 am
NCH Healthcare System, Inc. NCH HEALTHCARE SYSTEM, INC. FL: UPDATE – MOODY'S AFFIRMS NCH HEALTHCARE SYSTEM'S (FL) A2 RATING, OUTLOOK REMAINS STABLE
03/24/17
12:02 pm
Gainesville (City of) FL Combined Util. Ent. GAINESVILLE, FL COMBINED UTILITY ENTERPRISE: GRU'S OFFER FOR GREC'S BIOMASS FACILITY IS CREDIT NEGATIVE
03/20/17
6:24 pm
Lee Memorial Health System, FL MOODY'S AFFIRMS LEE MEMORIAL HEALTH SYSTEM'S (FL) A2 RATING, OUTLOOK REMAINS STABLE
03/20/17
12:00 am
Lee Memorial Health System, FL LEE MEMORIAL HEALTH SYSTEM, FL: UPDATE – MOODY'S AFFIRMS LEE MEMORIAL HEALTH SYSTEM'S (FL) A2 RATING, OUTLOOK REMAINS STABLE
03/14/17
7:19 pm
Orlando Utilities Commission, FL MOODY'S AFFIRMS VMIG 1 ON ORLANDO UTILITIES COMMISSION UTILITY SYSTEM REVENUE BONDS SERIES 2008
03/14/17
12:00 am
Orlando Utilities Commission, FL ORLANDO UTILITIES COMMISSION, FL: UPDATE: MOODY'S AFFIRMS VMIG 1 ON ORLANDO UTILITIES COMMISSION UTILITY SYSTEM REVENUE BONDS SERIES 2008
03/08/17
2:57 pm
Indian River County School District, FL INDIAN RIVER COUNTY SCHOOL DISTRICT, FL: ANNUAL COMMENT ON INDIAN RIVER COUNTY SD
02/27/17
12:00 am
Jacksonville (City of) FL JACKSONVILLE, FL: JACKSONVILLE'S PENSION REFORM PROGRESSES AT STEEP PRICE
02/21/17
2:57 pm
Florida State Board of Education MOODY'S ASSIGNS AA1 TO $35.4M FL STATE BD. OF ED. CAPITAL OUTLAY REF. BONDS, 2017 SER. A; OUTLOOK STABLE
02/21/17
12:00 am
Florida State Board of Education FLORIDA STATE BOARD OF EDUCATION : NEW ISSUE - MOODY'S ASSIGNS AA1 TO $35.4M FL STATE BD. OF ED. CAPITAL OUTLAY REF. BONDS, 2017 SER. A; OUTLOOK STABLE
02/17/17
1:30 pm
Sarasota (County of) FL MOODY'S UPGRADES SARASOTA COUNTY'S (FL) LIMITED AD VALOREM TAX BONDS TO AAA FROM A3
02/14/17
5:02 pm
Lake (County of) FL MOODY'S UPGRADES LAKE COUNTY, FL'S GOLT RATING TO AA3 FROM A1; NO OUTLOOK
02/10/17
8:31 pm
Osceola (County of) FL MOODY'S UPGRADES OSCEOLA COUNTY'S (FL) LIMITED GENERAL OBLIGATION BONDS, TO AA2 FROM A2
02/10/17
3:55 pm
Florida Dept. of Environmental Protection MOODY'S ASSIGNS AA3 TO $42.8M FLORIDA EVERGLADES RESTORATION REV. REF. BONDS, SER. 2017A
02/10/17
12:00 am
Florida Dept. of Environmental Protection FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION : NEW ISSUE - MOODY'S ASSIGNS AA3 TO $42.8M FLORIDA EVERGLADES RESTORATION REV. REF. BONDS, SER. 2017A
02/08/17
4:57 pm
Lauderhill (City of) FL MOODY'S ASSIGNS A1 TO LAUDERHILL, FL'S $38.9 GOULT BONDS, SER. 2017
02/08/17
12:00 am
Lauderhill (City of) FL LAUDERHILL (CITY OF), FLA : NEW ISSUE – MOODY'S ASSIGNS A1 TO LAUDERHILL, FL'S $38.9 GOULT BONDS, SER. 2017
02/07/17
5:15 pm
Tampa General Hospital, FL MOODY'S CHANGES OUTLOOK TO STABLE ON TAMPA GENERAL HOSPITAL, FL; AFFIRMS A3
02/07/17
12:00 am
Tampa General Hospital, FL TAMPA GENERAL HOSPITAL, FL: UPDATE - MOODY'S CHANGES OUTLOOK TO STABLE ON TAMPA GENERAL HOSPITAL, FL; AFFIRMS A3
01/31/17
5:38 pm
Venice (City of) FL MOODY'S ASSIGNS AA1 TO VENICE, FL'S GO BONDS, SER. 2017
01/31/17
1:24 pm
Gulf (County of) FL GULF COUNTY, FL: ANNUAL COMMENT ON GULF COUNTY
01/31/17
12:00 am
Venice (City of) FL VENICE (CITY OF) FL: NEW ISSUE - MOODY'S ASSIGNS AA1 TO VENICE, FL'S GO BONDS, SER. 2017
01/27/17
7:22 pm
Cape Coral (City of) FL Water & Sewer Ent. MOODY'S ASSIGNS A2 TO CAPE CORAL, FL'S UTILITY IMPROVEMENT REF. ASSESSMENT BONDS, SER. 2017
01/27/17
4:47 pm
Boca Raton (City of) FL CITY OF BOCA RATON, FL: ANNUAL COMMENT ON BOCA RATON
01/27/17
4:02 pm
Fort Lauderdale (City of) FL CITY OF FORT LAUDERDALE, FL: ANNUAL COMMENT ON FORT LAUDERDALE
01/27/17
3:53 pm
St. Pete Beach (City of) FL CITY OF ST. PETE BEACH, FL: ANNUAL COMMENT ON ST. PETE BEACH
01/27/17
12:00 am
Solid Waste Auth. of Palm Beach County, FL SOLID WASTE AUTHORITY OF PALM BEACH COUNTY, FL: MOODY'S INVESTORS SERVICE MAINTAINS AA2 RATING ON PALM BEACH COUNTY SOLID WASTE AUTHORITY REVENUE BONDS; OUTLOOK STABLE
01/27/17
12:00 am
Cape Coral (City of) FL Water & Sewer Ent. CAPE CORAL (CITY OF), FL WATER & SEWER ENTERPRISE : NEW ISSUE - MOODY'S ASSIGNS A2 TO CAPE CORAL, FL'S UTILITY IMPROVEMENT REF. ASSESSMENT BONDS, SER. 2017
01/26/17
6:27 pm
South Broward Hospital District, FL MOODY'S ASSIGNS AA3 TO SOUTH BROWARD HOSPITAL DISTRICT'S (FL) SER. 2017; OUTLOOK POSITIVE
01/26/17
12:00 am
South Broward Hospital District, FL SOUTH BROWARD HOSPITAL DISTRICT, FL: NEW ISSUE - MOODY'S ASSIGNS AA3 TO SOUTH BROWARD HOSPITAL DISTRICT'S (FL) SER. 2017; OUTLOOK POSITIVE
01/19/17
6:22 pm
Clearwater (City of) FL Water and Sewer Ent. MOODY'S UPGRADES TO AA2 CLEARWATER, FL'S W&S REV. BONDS; ASSIGNS AA2 TO REV. REF. BONDS, SERIES 2017
01/19/17
12:00 am
Clearwater (City of) FL Water and Sewer Ent. CLEARWATER (CITY OF), FL WATER & SEWER ENTERPRISE: NEW ISSUE - MOODY'S UPGRADES TO AA2 CLEARWATER, FL'S W&S REV. BONDS; ASSIGNS AA2 TO REV. REF. BONDS, SERIES 2017
01/13/17
2:05 pm
JEA, FL MOODY'S ASSIGNS AA2 AND AA3 TO JEA (FL) SENIOR AND SUB. LIEN ELECTRIC SYSTEM REV. BONDS; OUTLOOK STABLE
01/13/17
12:00 am
JEA, FL JEA (FL): NEW ISSUE: MOODY'S ASSIGNS AA2 AND AA3 TO JEA (FL) SENIOR AND SUB. LIEN ELECTRIC SYSTEM REV. BONDS; OUTLOOK STABLE
01/11/17
4:09 pm
Florida Department of Transportation MOODY'S HAS UPDATED THE SALE AMOUNT FOR FLORIDA'S DOT SERIES 2016C TURNPIKE REVENUE BONDS; RATINGS UNAFFECTED
01/11/17
1:16 pm
Coral Springs (City of) FL CITY OF CORAL SPRINGS, FL: ANNUAL COMMENT ON CORAL SPRINGS
01/10/17
6:31 pm
Tampa Sports Authority, FL MOODY'S ASSIGNS AA2 TO TAMPA SPORTS AUTHORITY, FL'S $13.5M STATE SALES TAX BONDS, SER. 2017; OUTLOOK STABLE
01/10/17
6:29 pm
Brevard County School District, FL MOODY'S ASSIGNS AA3 TO BREVARD CO. SB'S (FL) $53.5M REFUND. COPS 2017A
01/10/17
6:15 pm
Jacksonville Housing Finance Authority, Multifamily Housing Revenue Bonds (Pass-Through - Timberwood Trace Project), Series 2017, $16MM MOODY'S ASSIGNS AAA RATING TO JACKSONVILLE HFA MULTIFAMILY HSG REV (PASS-THROUGH-TIMBERWOOD TRACE), SER 2017
01/10/17
12:00 am
Brevard County School District, FL BREVARD COUNTY SCHOOL BOARD, FL: NEW ISSUE - MOODY'S ASSIGNS AA3 TO BREVARD CO. SB'S (FL) $53.5M REFUND. COPS 2017A
01/10/17
12:00 am
Tampa Sports Authority, FL FLORIDA (STATE OF): NEW ISSUE - MOODY'S ASSIGNS AA2 TO TAMPA SPORTS AUTHORITY, FL'S $13.5M STATE SALES TAX BONDS, SER. 2017; OUTLOOK STABLE
01/10/17
12:00 am
Jacksonville Housing Finance Authority, Multifamily Housing Revenue Bonds (Pass-Through - Timberwood Trace Project), Series 2017, $16MM JACKSONVILLE HOUSING FINANCE AUTHORITY: NEW ISSUE - MOODY'S ASSIGNS AAA RATING TO JACKSONVILLE HFA MULTIFAMILY HSG REV (PASS-THROUGH-TIMBERWOOD TRACE), SER 2017
01/05/17
6:37 pm
Florida State Board of Education MOODY'S ASSIGNS AA1 TO FLORIDA'S $150.2M PECO REF. BONDS, SER. 2016F; OUTLOOK STABLE
01/05/17
12:00 am
Florida State Board of Education FLORIDA (STATE OF): NEW ISSUE - MOODY'S ASSIGNS AA1 TO FLORIDA'S $150.2M PECO REF. BONDS, SER. 2016F; OUTLOOK STABLE
01/04/17
2:21 pm
West Palm Beach Utility System, FL MOODY'S ASSIGNS AA2 TO WEST PALM BEACH, FL'S UTILITY SYSTEM REV. BONDS, SER. 2017A-C
01/04/17
12:00 am
West Palm Beach Utility System, FL WEST PALM BEACH (CITY OF) FL: NEW ISSUE - MOODY'S ASSIGNS AA2 TO WEST PALM BEACH, FL'S UTILITY SYSTEM REV. BONDS, SER. 2017A-C
12/22/16
5:28 pm
South Miami Health Facilities Authority, FL MOODY'S REVISES BAPTIST HEALTH SOUTH FLORIDA'S OUTLOOK TO NEGATIVE; AA3 ASSIGNED TO SER. 2017
12/22/16
12:00 am
South Miami Health Facilities Authority, FL BAPTIST HEALTH SOUTH FLORIDA: NEW ISSUE: MOODY'S REVISES BAPTIST HEALTH SOUTH FLORIDA'S OUTLOOK TO NEGATIVE; AA3 ASSIGNED TO SER. 2017
12/20/16
6:31 pm
University of North Florida Financing Corp. MOODY'S AFFIRMS UNIVERSITY OF NORTH FLORIDA'S A2; OUTLOOK STABLE
12/20/16
6:30 pm
Orlando Community Redevelopment Agency, FL MOODY'S AFFIRMS A2 RATING ON ORLANDO COMMUNITY REDEVELOPMENT AGENCY'S TAX INCREMENT BONDS; OUTLOOK STABLE
12/20/16
12:00 am
Orlando Community Redevelopment Agency, FL ORLANDO COMMUNITY REDEVELOPMENT AGENCY (FL): RATING UPDATE: MOODY'S AFFIRMS A2 RATING ON ORLANDO COMMUNITY REDEVELOPMENT AGENCY'S TAX INCREMENT BONDS; OUTLOOK STABLE
12/20/16
12:00 am
University of North Florida Financing Corp. UNIVERSITY OF NORTH FLORIDA, FL: UPDATE: MOODY'S AFFIRMS UNIVERSITY OF NORTH FLORIDA'S A2; OUTLOOK STABLE
12/16/16
12:00 am
Gainesville (City of) FL Combined Util. Ent. GAINESVILLE, FL COMBINED UTILITY ENTERPRISE : MOODY'S MAINTAINS AA2 RATING ON GRU'S UTILITIES SYSTEM SENIOR LIEN REVENUE BONDS, OUTLOOK STABLE
12/15/16
7:03 pm
Miami Gardens (City of) FL CITY OF MIAMI GARDENS, FL: ANNUAL COMMENT ON MIAMI GARDENS
12/09/16
12:00 am
Key West Utility Board, FL KEY WEST UTILITY BOARD, FL: RATING UPDATE: MOODY'S MAINTAINS AN A1 RATING ON KEY WEST UTILITY BOARD, FL; OUTLOOK STABLE
12/08/16
4:38 pm
Palm Bay (City of) FL MOODY'S AFFIRMS PALM BAY, FL'S AA3 ISSUER RATING
12/08/16
12:00 am
Orange (County of) FL ORANGE COUNTY, FLORIDA, REPAYS ORLANDO'S PORTION OF TOURIST DEVELOPMENT TAX BONDS, A CREDIT POSITIVE FOR CITY
12/08/16
12:00 am
Palm Bay (City of) FL PALM BAY (CITY OF) FL: RATING UPDATE - MOODY'S AFFIRMS PALM BAY, FL'S AA3 ISSUER RATING
12/07/16
12:00 am
Jacksonville Port Authority, FL JACKSONVILLE PORT AUTHORITY, FL: JAXPORT'S AMENDMENT TO THE RESERVE REQUIREMENT IS CREDIT NEUTRAL, BUT COULD BE CREDIT NEGATIVE IF USED
12/06/16
2:09 pm
Fort Pierce (City of) FL CITY OF FORT PIERCE, FL: ANNUAL COMMENT ON FORT PIERCE
12/06/16
2:08 pm
Orlando Utilities Commission, FL MOODY'S ASSIGNS AA2 TO ORLANDO UTILITIES COMMISSION (FL) REV. REFUNDING BONDS, SERIES 2017A; OUTLOOK STABLE
12/06/16
2:07 pm
Jupiter (Town of) FL TOWN OF JUPITER, FL: ANNUAL COMMENT ON JUPITER
12/06/16
12:35 pm
Homestead (City of) FL CITY OF HOMESTEAD, FL: ANNUAL COMMENT ON HOMESTEAD
12/06/16
12:00 am
Orlando Utilities Commission, FL ORLANDO UTILITIES COMMISSION, FL: NEW ISSUE: MOODY'S ASSIGNS AA2 TO ORLANDO UTILITIES COMMISSION (FL) REV. REFUNDING BONDS, SERIES 2017A; OUTLOOK STABLE
12/05/16
5:50 pm
Shands Jacksonville Medical Center, Inc. MOODY'S AFFIRMS SHANDS JACKSONVILLE MEDICAL CENTER'S (FL) BAA3; OUTLOOK NEGATIVE
12/05/16
12:00 am
Shands Jacksonville Medical Center, Inc. SHANDS JACKSONVILLE MEDICAL CENTER, FL: UPDATE: MOODY'S AFFIRMS SHANDS JACKSONVILLE MEDICAL CENTER'S (FL) BAA3; OUTLOOK NEGATIVE
11/30/16
3:31 pm
Pasco County School District, FL PASCO COUNTY SCHOOL DISTRICT, FL: ANNUAL COMMENT ON PASCO COUNTY SD
11/30/16
10:51 am
St. Lucie County School District, FL MOODY'S ASSIGNS A1 TO ST. LUCIE CO. SCHOOL BOARD, FL'S $15.5M REFUND. COPS 2016
11/30/16
12:00 am
St. Lucie County School District, FL ST. LUCIE COUNTY SCHOOL DISTRICT (FL): UPDATE - MOODY'S ASSIGNS A1 TO ST. LUCIE CO. SCHOOL BOARD, FL'S $15.5M REFUND. COPS 2016
11/28/16
2:16 pm
Lee (County of) FL Toll Facility Enterprise MOODY'S REVISES THE OUTLOOK TO POSITIVE ON LEE (COUNTY OF) FL TOLL FACILITY ENTERPRISE; A3 RATING AFFIRMED
11/28/16
12:00 am
Lee (County of) FL Toll Facility Enterprise LEE (COUNTY OF) FL TOLL FACILITY ENTERPRISE : RATING UPDATE-MOODY'S REVISES THE OUTLOOK TO POSITIVE ON LEE (COUNTY OF) FL TOLL FACILITY ENTERPRISE; A3 RATING AFFIRMED
11/23/16
2:21 pm
St. Augustine (City of) FL MOODY'S AFFIRMS AA2 ISSUER RATING FOR ST. AUGUSTINE, FL
11/23/16
12:00 am
St. Augustine (City of) FL ST. AUGUSTINE, FL: RATING UPDATE: MOODY'S AFFIRMS AA2 ISSUER RATING FOR ST. AUGUSTINE, FL
11/22/16
4:51 pm
Marion (County of) FL MOODY'S AFFIRMS AA3 ON MARION CO., FL'S GOLT DEBT
11/22/16
12:00 am
Marion (County of) FL MARION COUNTY, FL: UPDATE - MOODY'S AFFIRMS AA3 ON MARION CO., FL'S GOLT DEBT
11/21/16
6:45 pm
Cape Coral (City of) FL MOODY'S ASSIGNS AA3 TO CAPE CORAL, FL'S $63M SPECIAL OBLIGATION REF. REV. BONDS, SER. 2016
11/21/16
4:46 pm
Bay (County of) FL BAY COUNTY, FL: ANNUAL COMMENT ON BAY COUNTY
11/21/16
9:45 am
Shands Teaching Hospital and Clinics, Inc. MOODY'S AFFIRMS SHANDS TEACHING HOSPITAL AND CLINICS, INC.'S (FL) A3; OUTLOOK STABLE

Login to your account

Email address:
Password:

Become a member

Register for a MunicipalBonds.com account to get access to a whole new way of tracking, analyzing, and researching bonds.

   Keep track of bonds you own
   Get ratings from S&P and Moody's for all rated municipal bonds
   View issue history reports
   Access our price archives
...And much more

Register now »

We are providing certain data supplied to us by the Municipal Securities Rulemaking Board ("the Service") without warranties or representations and on an "as-is" basis. WE HEREBY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES (EXPRESS OR IMPLIED), BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE REGARDING THE SERVICE. You shall bear all risk, related costs and liability and be responsible for your use of the Service.

The transaction data provided through the Real-Time Transaction Subscription Service represents municipal securities transaction data made available by brokers, dealers, and municipal securities dealers to the MSRB and related information. Such transaction data and/or related information may not exist for all municipal securities and may not be required to be submitted to the MSRB for certain types of municipal securities transactions. The MSRB does not review transaction data submitted by submitters for accuracy, completeness or any other purpose, and does not warrant or guarantee the accuracy of any such transaction data and/or related information.

The MSRB, its officers, directors, employees, agents, consultants, and licensors shall not be liable or responsible to you or anyone else for any losses, injuries, damages, costs, expenses or claims caused by, arising out of or relating to the following: (a) acts, omissions, occurrences or contingencies beyond their control; (b) service interruptions or performance failures, such as those that result from the use of telecommunications facilities that are outside of their control, including the Internet: (c) negligence, gross negligence or willful misconduct in procuring, compiling, interpreting, editing, writing, reporting or delivering any of the content and material; (d) lost, stolen, late, corrupted, misdirected, failed, incomplete or delayed transmissions by anyone using the Service, including, but not limited to, any technical malfunctions, human error, computer viruses, lost data transmissions, omissions, interruptions, deletions, defects, hyperlink failures or line failures of any telephone network, computer equipment, software or any combination thereof; (e) damage to your computer systems, equipment, software, data or other tangible or intangible property resulting from or sustained in connection with your use of the Service; and/or (f) any disruption of business, lost sales or lost profits or any punitive, exemplary, indirect, special, incidental, or consequential damages associated or in connection with, resulting from or arising out of any use of the Service or the content and material in the Service.

The MSRB and its officers, directors, employees, agents, consultants, and licensors shall have no liability in tort, contract, or otherwise (and as permitted by law, product liability) to you or anyone else for any reason associated or in connection with, resulting from or arising out of your use of the Service. The MSRB, its officers, directors, employees, agents, consultants, and licensors make, and have made, no recommendations regarding any of the securities or other investment vehicles, referred to or described in the Service.

The Service is reproduced by permission of the MSRB under a non-exclusive license. The MSRB accepts no responsibility for the accuracy of the reproduction of the Service or that Service is current.