Treasurer Magaziner is hosting regular education sessions on the topic of municipal debt. These half-day sessions focus on rating agency relationship best practices, including issuers' perspectives on establishing relationships with the rating agencies, examples of key rating presentation elements & follow-up, and an investor's perspective on issuers' communication with the market and adequacy of disclosure.
Attendees have the opportunity to hear directly from representatives from national rating agencies, financial advisory firms, institutional investors, and underwriters. These sessions are free and open to the public. We encourage municipal employees from across Rhode Island, including mayors, finance directors, CFOs, finance directors, as well as employees of quasi-public corporations, to attend.
The first education session was held in December 2017. A subsequent training was held in July 2018, with additional sessions planned for September 2018 and December 2018.
For more information, please contact Frank Quinn, Director of Debt Management by e-mail at francis.quinn[at]treasury.ri.gov.
Interacting with Moody’s
Hilltop Securities: A Guide to Understanding Your Bond Rating
Janney: Maintaining Good Relationships with Ratings Agencies
S&P Global: Guide to Rating Process, Methodology, and Framework
Fidelity: Issuer Communications with the Market
RI Treasury: Overview of Debt Management
PFM: Making an Effective Rating Presentation
PRAG: Rating Agency Trends