UnitedHealth Group | ||
9900 Bren Road East Minnetonka MN 55343 |
May 11, 2011
VIA EDGAR AND OVERNIGHT COURIER
Securities and Exchange Commission
Division of Corporation Finance
100 F Street NE
Washington, D.C. 20549
Attn: Frank Wyman
Re: | UnitedHealth Group Incorporated | |
Form 10-K for Fiscal Year Ended December 31, 2010 | ||
File No. 001-10864 |
Dear Mr. Wyman:
On behalf of UnitedHealth Group Incorporated (the Company), this letter responds to the comments of the staff (Staff) of the Securities and Exchange Commission (the Commission) on the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010 (2010 10-K), as detailed in the Staff’s letter dated April 27, 2011 (the Comment Letter).
The following numbered paragraphs correspond to the numbered paragraphs of the Comment Letter.
Consolidated Financial Statements
Notes to Consolidated Financial Statements
4. Fair Value, page 74
1. | Please tell us how current market credit spreads were considered in your determination of fair value for your debt securities, including the $6.1 billion of state and municipal obligations held at December 31, 2010 and the impact of any changes in these credit spreads on your determination of fair value for these securities. Also, describe how these credit spreads were considered in validating related prices provided by your third-party pricing service. |
Response:
Fair values for the Company’s debt securities, including state and municipal obligations, are obtained from a third-party pricing service (pricing service). These values are classified as predominantly Level 1 or Level 2 fair values based on the nature of the inputs used by the pricing service for each type of security and the frequency of observable market transactions for the same or similar instruments.
Securities and Exchange Commission
May 11, 2011
Page 2
The pricing service uses valuation methodologies that incorporate quoted (unadjusted) prices or other observable inputs for identical or similar assets in both active and non-active markets depending on availability. Since these types of inputs are based on market transactions, credit risk is already reflected in the observed prices to a certain extent. When necessary, the pricing service will apply additional adjustments for credit spreads, ratings updates, internal credit evaluations, and relevant sector curves to its matrix models to arrive at Level 2 fair values. The Company has historically not made further adjustments to the values obtained from the pricing service.
For state and municipal obligations specifically, the Muni Market Data (MMD) curve is relevant to the credit spread for that class of securities. State and municipal yields are typically not compared to U.S. Treasury securities for trading or valuation purposes. In general, the MMD curve may be compared to the U.S. Treasury yield curve to provide a ratio of tax-exempt municipal yields to similar maturity U.S. Treasuries, and an analysis of that ratio over time can be indicative of the relative valuation of municipal bonds to U.S. Treasury securities. This ratio is typically most influenced by supply and demand considerations for state and municipal bonds, but may also be a reflection of perceived credit quality, federal and state tax laws, investor demand for tax-exempt income, and the general interest rate cycle.
Valuations of state and municipal obligations are primarily based on the MMD curve of AAA-rated issuers for each year of maturity, 1 through 30. This has generally proven to be an effective measure of value, and is based on observed transaction prices. Since highly-rated securities trade within a relatively narrow range of the MMD curve, and lower-rated securities have greater variability, it is possible that large state issuers such as California can have a disproportionate effect on the performance of sectors within the class. These potential effects are evaluated in both the valuation process and in the Company’s own validation of the fair values.
The Company validates fair values received from the pricing service by comparing the security price changes and resulting changes in unrealized gains and losses to changes in underlying market indices and performance benchmarks for each asset class. This validation takes into account factors such as average duration, credit quality and credit ratings of issuers of debt securities.
For state and municipal obligations specifically, in periods where the relevant municipal indices suggest negative price changes, the Company looks for corresponding changes of a similar magnitude in the values received from the pricing service. In periods where the MMD curve has moved to a higher ratio relative to U.S. Treasury securities, the expectation is that the values of state and municipal obligations will lag behind those of similar-duration U.S. Treasury securities when prices rise, and losses will be greater when prices fall. The converse would apply in periods where the ratio is lower relative to U.S. Treasuries.
Securities and Exchange Commission
May 11, 2011
Page 3
The Company’s validation process also includes a comparison of the values obtained from the pricing service to alternative pricing sources used by the Company’s investment consultant and advisors.
2. | Regarding your investments in state and municipal obligations, please provide us the following information at December 31, 2010: |
• | The fair value and amortized cost of your general obligation and special revenue bonds, categorized by state, municipality and political subdivision and the credit rating for each category with and without a financial guarantee by third parties; and |
• | The nature of the activities supporting your investments in special revenue bonds, if applicable. |
Response: A table of the information requested in the first bullet point is attached as Exhibit A to this response. The Company’s investment strategy regarding special revenue bonds emphasizes essential services. Accordingly, the nature of the activities supporting the Company’s investments in special revenue bonds includes utilities, water and sewer, transportation, education, and healthcare.
12. AARP, page 89
3. | You recognized premium revenues under the AARP Program of $6.3 billion in 2010. However, you disclose that underwriting gains or losses related to the AARP Medicare Supplement Insurance business are recorded directly as an increase or decrease to the RSF and accrue directly to the benefit of the AARP policyholders. Please tell us why you do not follow a fee-based accounting model for the AARP business, consistent with that described on page 64. |
Response: The AARP Medicare Supplement Insurance Contract (the Contract) is a collectively renewable group policy that is in effect for a period of ten years. The Contract provides indemnification against loss or liability for specified events and circumstances that may occur at a future date. At Contract inception in 2007, the Company concluded that the Contract provided indemnification against loss or liability under Accounting Standards Codification (ASC) 720-20-25 (Expenses – Other Expenses – Insurance Costs). To supplement the Company’s analysis, the Company considered the conditions of ASC 944-20-15 (Financial Services – Insurance – Insurance Activities – Scope and Scope Exceptions) regarding the assessment of significant insurance risk and significant loss and further concluded that it met the definition of a long duration insurance contract.
The Contract provides for the maintenance of a Rate Stabilization Fund (RSF) that is held by the Company on behalf of the policyholders. On an annual basis, underwriting and investment gains and losses are either added to or subtracted from the RSF. Importantly, if losses exceed the balance in the RSF, such losses are borne solely by the Company.
Securities and Exchange Commission
May 11, 2011
Page 4
As noted, on page 64 of our 2010 Form 10-K the Company discusses revenue recognition for its administrative service contracts (i.e., fee-based business) whereby services are performed for customers who retain the risk of their health care costs. Under these contracts, the Company has concluded it is outside of ASC 944 as there is no indemnification against loss or liability and does not recognize premium revenue or medical costs. For these administrative service contracts, the Company follows the accounting model as defined under ASC 605-45 (Revenue Recognition - Principal Agent Considerations).
4. | Please disclose the impact of the AARP business on your statement of operations, consistent with the balance sheet disclosures provided on page 90. |
Response: The Company’s AARP assets (assets under management) are managed separately from its general investment portfolio and are used to pay costs associated with the AARP program. For the year ended December 31, 2010 the Company disclosed the balance sheet impact of the AARP business in order to facilitate the readers’ understanding of the assets and liabilities that are associated with the assets under management. In addition, the Company provides disclosures required by ASC 825-10-50 for its AARP assets under management that are measured at fair value pursuant to the election of the fair value option.
With regard to the impact on the statement of operations, the Company assessed the AARP relationship from a quantitative and qualitative perspective, and the Company does not believe that the relationship is material. From a quantitative perspective, the AARP business represented less than 10% of the Company’s consolidated premiums, medical costs, operating costs and earnings from operations for all periods presented. From a qualitative perspective, the Company’s AARP-branded products and services, which are similar to those provided to the Company’s other health benefits customers, are provided in the ordinary course of business. The Company provides certain financial information regarding the relationship, however the Company does not believe the impact of the AARP relationship on the Company’s results of operations is material.
13. Commitments and Contingencies
Legal Matters, page 91
5. | The phrase “except as noted below” in your disclosure appears to indicate that a reasonable possibility of loss exists for litigation matters described on pages 91-93 and that you are able to estimate a loss or range of loss in these cases. However, you have not provided quantification regarding these matters as required by ASC 450-20-50. Please expand your disclosure for each litigation matter described on pages 91-93 to address the following: |
• | The amounts accrued for loss contingencies accrued as required by ASC 450-20-50-1; |
Securities and Exchange Commission
May 11, 2011
Page 5
• | An estimate of the possible loss or range of loss or a statement that such an estimate cannot be made for loss contingencies that are at least reasonably possible but not accrued, either because it is not probable that a loss has been incurred or the amount of loss cannot be reasonably estimated, as required by ASC 450-20-50-3 and 50-4; and |
• | If you cannot make an estimate, disclose the facts and circumstances that prevent you from making such an estimate, as well as a discussion of what is being sought in those proceedings. |
Response: The Company discloses four potential loss contingencies relating to litigation matters in its “Commitments and Contingencies” note to the financial statements – the multi-district litigation in the United States District Court of the Southern District Court of Florida (MDL Matter), the litigation involving the American Medical Association (AMA Matter), the California Department of Insurance claims processing matter (CDI Matter), and the historical stock option litigation (Option Matter).
ASC 450 requires companies to establish accruals for litigation and other contingencies when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. When a loss is not both probable and reasonably estimable, an accrual is not recorded, but disclosure of the contingency is required to be made when there is at least a reasonable possibility that a loss or an additional loss, if material, has been incurred. Under ASC 450, the disclosure is required to indicate the nature of the contingency and give a reasonable estimate of the possible loss or range of loss or state that the amount of loss cannot be reasonably estimated.
The Company confirms for the Staff that, with respect to the specifically identified litigation matters, the Company believes that there is a reasonable possibility a loss has been incurred. The phrase “except as otherwise noted below,” as used by the Company in the 2010 10-K, was intended to clarify that, for certain of the loss contingencies that are disclosed, the Company has disclosed losses that have been accrued or incurred (e.g., the AMA Matter and the Option Matter). The phrase was not intended to indicate that the Company is able to estimate a loss or a range of losses for all of the specifically identified legal matters. Indeed, for the reasons detailed below, the Company is not able to reasonably estimate a loss or range of loss attributable to the MDL Matter or the CDI Matter. The Company intends to clarify its disclosures in future filings. Information regarding each of the four disclosed potential loss contingencies follows.
The AMA Matter has been settled and amounts previously accrued have been paid. On page 90 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, the Company disclosed the accrual of $350 million in connection with settlement of the AMA Matter, and on page 92 of the 2010 10-K, the Company disclosed that it paid $350 million in connection with the settlement of the AMA Matter.
Similarly, proceedings relating to the Option Matter have been settled and amounts previously accrued have been paid. On page 93 of the 2010 10-K, the Company disclosed
Securities and Exchange Commission
May 11, 2011
Page 6
that it paid $30 million and $6 million related to plaintiffs’ counsel fees and expenses, respectively, in connection with the Option Matter. In the Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, the Company disclosed that the settlement agreement relating to the Option Matter became final in April 2011.
The Company cannot reasonably estimate the range of loss, if any, that may result from the MDL Matter given the procedural status of the cases, the potential effect of prior rulings in related cases, the plaintiffs’ failure to provide any evidence-based damages analyses, and the indeterminate number of claims and parties involved. Further, no formal demands have been made in any of the remaining suits and the plaintiffs have not provided an estimate of alleged damages. Outside counsel has concurred with this assessment.
In addition, the Company cannot reasonably estimate the range of loss, if any, that may result from the CDI Matter given the procedural status of the dispute, the novel legal issues presented, the inherent difficulty in predicting regulatory fines and penalties, the various remedies and levels of judicial review available to the Company in the event a fine or penalty is assessed, and the California Department of Insurance’s approach to this dispute which, in the Company’s view, reflects a shift in regulatory policy. Of note, the California Department of Insurance has not assessed any fine or penalty against the Company or made any formal demand. Outside counsel has concurred with the Company’s assessment. The Company, however, has disclosed information it has gathered from public sources that allows investors to evaluate the theoretical magnitude of the matter. For example, the Company disclosed the number of alleged violations (992,936) and the maximum penalty per violation ($10,000), and also that the California Department of Insurance, to the Company’s knowledge, has never issued an aggregate penalty in excess of $8 million.
In future filings, the Company will clarify its disclosures and describe the specific facts and circumstances as to why the loss or range of loss cannot be reasonably estimated for each litigation matter required to be disclosed and for which a loss or range of losses is not reasonably estimable, and, to the extent feasible, the Company will disclose what is being sought in such proceedings. By way of example, the litigation matters disclosed in the Company’s 2010 10-K would be disclosed as follows (deletions from 2010 10-K language stricken, and additions underlined):
***
Legal Matters
Because of the nature of its businesses, the Company is frequently made party to a variety of legal actions and regulatory inquiries, including class actions and suits brought by members, providers, customers and regulators, relating to the Company’s management and administration of health benefit plans. These matters include medical malpractice, employment, intellectual property, antitrust, privacy and contract claims, and claims related to health care benefits coverage and other business
Securities and Exchange Commission
May 11, 2011
Page 7
practices. The adverse resolution of any specific lawsuit or any potential regulatory proceeding or action could have a material adverse effect on the Company’s business, financial condition and results of operations.
The Company records liabilities for its estimates of probable costs resulting from these matters where appropriate. Estimates of probable costs resulting from legal and regulatory matters involving the Company are inherently difficult to predict, particularly where the matters: involve indeterminate claims for monetary damages or may involve fines, penalties or punitive damages; present novel legal theories or represent a shift in regulatory policy; involve a large number of claimants or regulatory bodies; are in the early stages of the proceedings; or could result in a change in business practices.Accordingly, except as otherwise noted below, the Company is unable to estimate the losses or ranges of losses for those matters where there is a reasonable possibility or it is probable that a loss may be incurred.
Litigation Matters
MDL Litigation. Beginning in 1999, a series of class action lawsuits were filed against the Company by health care providers alleging various claims relating to the Company’s reimbursement practices, including alleged violations of the Racketeer Influenced Corrupt Organization Act (RICO) and state prompt payment laws and breach of contract claims. Many of these lawsuits were consolidated in a multi-district litigation in the United States District Court for the Southern District Court of Florida (MDL). In the lead MDL lawsuit, the court certified a class of health care providers for certain of the RICO claims. In 2006, the trial court dismissed all of the claims against the Company in the lead MDL lawsuit, and the Eleventh Circuit Court of Appeals later affirmed that dismissal, leaving eleven related lawsuits that had been stayed during the litigation of the lead MDL lawsuit. In August 2008, the trial court, applying its rulings in the lead MDL lawsuit, dismissed seven of these lawsuits (the seven lawsuits). The trial court also dismissed all but one claim in an eighth lawsuit, and ordered the final claim to arbitration. In December 2008, at the plaintiffs’ request, the trial court dismissed without prejudice one of the three remaining lawsuits. The court also denied the plaintiffs’ request to remand the remaining two lawsuits to state court and a federal magistrate judge recommended dismissal of those suits. In April 2009, the plaintiffs in these last two suits filed amended class action complaints alleging breach of contract, but those amended complaints were subsequently dismissed without prejudice. In July 2010, the Eleventh Circuit reversed the trial court’s dismissal of the seven lawsuits and remanded those cases to the trial court for further proceedings. In addition, the Company is party to a number of arbitrations in various jurisdictions involving claims similar to those alleged in the seven lawsuits. The Company is vigorously defending against the remaining claims in these cases.The Company cannot
Securities and Exchange Commission
May 11, 2011
Page 8
reasonably estimate the range of loss, if any, that may result from the these matters given the procedural status of the cases, the potential effect of prior rulings in related cases, the plaintiffs’ failure to provide any evidence-based damages analyses, and the indeterminate number of claims and parties involved. In fact, no formal demands have been made in any of the remaining suits and the plaintiffs have not provided an estimate of alleged damages.
[AMA Litigation – Unchanged]
California Claims Processing Matter.In 2007, the California Department of Insurance (CDI) examined the Company’s PacifiCare health insurance plan in California. The examination findings related to the timeliness and accuracy of claims processing, interest payments, provider contract implementation, provider dispute resolution and other related matters. On January 25, 2008, the CDI issued an Order to Show Cause to PacifiCare Life and Health Insurance Company, a subsidiary of the Company, alleging violations of certain insurance statutes and regulations in connection with the CDI’s examination findings. On June 3, 2009, the Company filed a Notice of Defense to the Order to Show Cause denying all material allegations and asserting certain defenses. The matter has been the subject of an administrative hearing before a California administrative law judge (ALJ) since December 2009. CDI amended its Order to Show Cause three times in 2010 to allege a total of 992,936 violations, the large majority of which relate to an alleged failure to include certain language in standard claims correspondence during a four month period in 2007. Although we believe that CDI has never issued an aggregate penalty in excess of $8 million, CDI alleges in press reports and releases that the Company could theoretically be subject to penalties of up to $10,000 per violation. The Company is vigorously defending against these claims. After the ALJ issues a ruling at the conclusion of the administrative proceeding, the California Insurance Commissioner may accept, reject or modify the ALJ’s ruling, issue his own decision, and impose a fine or penalty. The Commissioner’s decision is subject to challenge in court.The Company cannot reasonably estimate the range of loss, if any, that may result from this matter given the procedural status of the dispute, the novel legal issues presented, the inherent difficulty in predicting regulatory fines and penalties, the various remedies and levels of judicial review available to the Company in the event a fine or penalty is assessed, and CDI’s approach to this dispute which, in the Company’s view, reflects a shift in regulatory policy.
[Historical Stock Option Practices – Unchanged]
***
Securities and Exchange Commission
May 11, 2011
Page 9
The Company acknowledges that:
• | The Company is responsible for the adequacy and accuracy of the disclosure in the filing; |
• | Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and |
• | The Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
The Company is available at the convenience of the Staff to discuss the matters raised in the Comment Letter or this response. Please contact the undersigned at (952) 936-7109 or Eric S. Rangen, Senior Vice President and Chief Accounting Officer of the Company, at (952) 936-5778 with any questions.
Sincerely, |
/s/ David S. Wichmann |
David S. Wichmann |
Executive Vice President and Chief Financial Officer of UnitedHealth Group and President of UnitedHealth Group Operations |
Exhibit A
UnitedHealth Group
Municipal Investment Disclosure Breakdown 12/31/2010
($ in 000’s)
Municipal Bond Type | Avg | Avg | ||||||||||||||||||||||||||||
General Obligation | Revenue Bond | Total | ||||||||||||||||||||||||||||
STATE | STATE and Municipality/Issuer | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | With | Without | |||||||||||||||||||||
STATE General Obligation Bonds | ||||||||||||||||||||||||||||||
AK | AK St | 4,090 | 4,144 | — | — | 4,090 | 4,144 | AA | AAA | |||||||||||||||||||||
AR | AR St | 8,555 | 8,815 | — | — | 8,555 | 8,815 | AA | AA | |||||||||||||||||||||
CA | CA State | 51,111 | 49,993 | — | — | 51,111 | 49,993 | A | A | |||||||||||||||||||||
CT | CT St | 44,947 | 46,300 | 44,947 | 46,300 | AA | AA | |||||||||||||||||||||||
DC | DC | 10,471 | 10,970 | 10,471 | 10,970 | AA | AA | |||||||||||||||||||||||
GA | GA State | 73,001 | 76,868 | — | — | 73,001 | 76,868 | AAA | AAA | |||||||||||||||||||||
IL | IL St | 46,301 | 44,985 | — | — | 46,301 | 44,985 | A | A | |||||||||||||||||||||
LA | LA St | 2,314 | 2,270 | — | — | 2,314 | 2,270 | AA | AA | |||||||||||||||||||||
MA | MA State | 107,075 | 110,508 | 107,075 | 110,508 | AA | AA | |||||||||||||||||||||||
MD | MD St | 60,256 | 62,414 | — | — | 60,256 | 62,414 | AAA | AAA | |||||||||||||||||||||
MI | MI St | 13,395 | 13,820 | 13,395 | 13,820 | AA | AA | |||||||||||||||||||||||
MN | MN St | 106,647 | 104,759 | — | — | 106,647 | 104,759 | AAA | AA | |||||||||||||||||||||
MO | MO State | 4,910 | 5,255 | — | — | 4,910 | 5,255 | AAA | AAA | |||||||||||||||||||||
MS | MS State | 6,871 | 7,005 | — | — | 6,871 | 7,005 | AA | AA | |||||||||||||||||||||
NC | NC State | 58,294 | 61,266 | — | — | 58,294 | 61,266 | AAA | AAA | |||||||||||||||||||||
NJ | NJ St | 24,823 | 25,206 | — | — | 24,823 | 25,206 | AA | AA | |||||||||||||||||||||
NY | NY St | 1,527 | 1,630 | — | — | 1,527 | 1,630 | AA | AA | |||||||||||||||||||||
OH | OH St | 7,154 | 7,196 | — | — | 7,154 | 7,196 | AA | AA | |||||||||||||||||||||
OR | OR St | 3,458 | 3,695 | — | — | 3,458 | 3,695 | AA | AA | |||||||||||||||||||||
PA | PA State | 93,372 | 96,073 | — | — | 93,372 | 96,073 | AA | AA | |||||||||||||||||||||
PR | Puerto Rico Comwlth | 20,740 | 21,032 | 20,740 | 21,032 | BBB | A | |||||||||||||||||||||||
SC | SC St | 7,057 | 7,191 | — | — | 7,057 | 7,191 | AAA | AAA | |||||||||||||||||||||
TN | TN St | 3,010 | 2,969 | — | — | 3,010 | 2,969 | AAA | AAA | |||||||||||||||||||||
TX | TX St | 15,952 | 16,322 | — | — | 15,952 | 16,322 | AAA | AAA | |||||||||||||||||||||
UT | UT State | 67,751 | 70,500 | — | — | 67,751 | 70,500 | AAA | AAA | |||||||||||||||||||||
VA | VA ST | 23,984 | 24,177 | — | — | 23,984 | 24,177 | AAA | AAA | |||||||||||||||||||||
WA | WA State | 107,107 | 108,617 | — | — | 107,107 | 108,617 | AA | AA | |||||||||||||||||||||
WI | WI State | 12,462 | 13,326 | — | — | 12,462 | 13,326 | AA | AA | |||||||||||||||||||||
TOTAL State General Obligation’s | 986,633 | 1,007,305 | — | — | 986,633 | 1,007,305 | ||||||||||||||||||||||||
State Revenue and Political Sub General Obligation and Revenue Bonds | ||||||||||||||||||||||||||||||
State | ||||||||||||||||||||||||||||||
AK | AK St Intl Arpts | — | — | 13,683 | 12,596 | 13,683 | 12,596 | A | AA | |||||||||||||||||||||
AK | Anchorage AK | 388 | 435 | — | — | 388 | 435 | A | AA | |||||||||||||||||||||
AL | AL ST Pub Sch & Col Auth | — | — | 25,553 | 26,192 | 25,553 | 26,192 | AA | AA | |||||||||||||||||||||
AL | East AL Hlth Auth | — | — | 4,000 | 4,159 | 4,000 | 4,159 | A | N/A | |||||||||||||||||||||
AL | Huntsville AL | 1,149 | 1,149 | — | — | 1,149 | 1,149 | AAA | AAA | |||||||||||||||||||||
AL | Jefferson Cnty AL | — | — | 7,936 | 8,112 | 7,936 | 8,112 | AAA | AAA | |||||||||||||||||||||
AZ | AZ Health Facs Auth | — | — | 11,573 | 12,025 | 11,573 | 12,025 | A | N/A | |||||||||||||||||||||
AZ | AZ Sch Fac | — | — | 19,294 | 20,089 | 19,294 | 20,089 | AA | AA | |||||||||||||||||||||
AZ | AZ St | — | — | 13,721 | 13,760 | 13,721 | 13,760 | AA | A | |||||||||||||||||||||
AZ | AZ St Tourism & Sports Auth | — | — | 2,085 | 2,217 | 2,085 | 2,217 | A | A | |||||||||||||||||||||
AZ | AZ St Trans | — | — | 2,364 | 2,411 | 2,364 | 2,411 | AAA | AAA | |||||||||||||||||||||
AZ | AZ St Trans Board | — | — | 1,586 | 1,719 | 1,586 | 1,719 | AA | AA | |||||||||||||||||||||
AZ | AZ St Univ Ctfs | — | — | 3,140 | 3,264 | 3,140 | 3,264 | AA | AA | |||||||||||||||||||||
AZ | AZ Wtr Infra Fin | — | — | 19,008 | 19,868 | 19,008 | 19,868 | AAA | AAA | |||||||||||||||||||||
AZ | Maricopa Cnty AZ Dev Hlth | — | — | 510 | 525 | 510 | 525 | A | A | |||||||||||||||||||||
AZ | Mesa AZ Indl Dev Auth | — | — | 250 | 250 | 250 | 250 | A | A | |||||||||||||||||||||
AZ | Mesa AZ Util Sys Rev | — | — | 1,587 | 1,689 | 1,587 | 1,689 | AA | AA | |||||||||||||||||||||
AZ | Phoenix AZ | 10,732 | 11,185 | — | — | 10,732 | 11,185 | AA | AA | |||||||||||||||||||||
AZ | Phoenix AZ Civic Impt Corp | — | — | 4,333 | 4,567 | 4,333 | 4,567 | AA | AA | |||||||||||||||||||||
AZ | Salt River AZ | — | — | 53,838 | 54,296 | 53,838 | 54,296 | AA | AA | |||||||||||||||||||||
AZ | Scottsdale AZ | 2,705 | 2,821 | — | — | 2,705 | 2,821 | AAA | AAA | |||||||||||||||||||||
AZ | Tempe AZ un High Sch Dist | 2,247 | 2,335 | — | — | 2,247 | 2,335 | AA | AA | |||||||||||||||||||||
AZ | Tucson AZ | — | — | 527 | 544 | 527 | 544 | A | AA |
CA | ABAG Fin Auth CA | — | — | 41,195 | 41,794 | 41,195 | 41,794 | A | N/A | |||||||||||||||||||||
CA | Bay Area Toll Auth CA | — | — | 9,361 | 9,032 | 9,361 | 9,032 | AA | AA | |||||||||||||||||||||
CA | CA Burbank Glendale Pas | — | — | 1,994 | 2,054 | 1,994 | 2,054 | AA | AA | |||||||||||||||||||||
CA | CA Economic | 20,995 | 21,994 | — | — | 20,995 | 21,994 | AA | AA | |||||||||||||||||||||
CA | CA Facs Auth | — | — | 9,779 | 9,803 | 9,779 | 9,803 | AA | AA | |||||||||||||||||||||
CA | CA Fin Auth | — | — | 10,886 | 10,867 | 10,886 | 10,867 | A | N/A | |||||||||||||||||||||
CA | CA Hlth Facs | — | — | 19,335 | 18,437 | 19,335 | 18,437 | A | AAA | |||||||||||||||||||||
CA | CA Hlth Facs Fin | — | — | 10,728 | 11,063 | 10,728 | 11,063 | A | AAA | |||||||||||||||||||||
CA | CA Infra | — | — | 2,137 | 2,232 | 2,137 | 2,232 | AA | AA | |||||||||||||||||||||
CA | CA Infra & Econ Dev | — | — | 14,300 | 14,308 | 14,300 | 14,308 | A | N/A | |||||||||||||||||||||
CA | CA St Dpt of Water | — | — | 110,493 | 110,125 | 110,493 | 110,125 | AA | AA | |||||||||||||||||||||
CA | CA Statewide Cmntys Dev | — | — | 31,920 | 32,375 | 31,920 | 32,375 | A | AAA | |||||||||||||||||||||
CA | CA Univ | — | — | 20,740 | 21,829 | 20,740 | 21,829 | A | A | |||||||||||||||||||||
CA | Desert Sands CA Univ | 5,431 | 5,753 | — | — | 5,431 | 5,753 | AA | AA | |||||||||||||||||||||
CA | East Bay CA Muni Util | — | — | 17,123 | 17,002 | 17,123 | 17,002 | AA | AA | |||||||||||||||||||||
CA | Fillmore CA | — | — | 361 | 371 | 361 | 371 | A | A | |||||||||||||||||||||
CA | Fremont CA Un High School | 2,891 | 3,073 | — | — | 2,891 | 3,073 | AA | AA | |||||||||||||||||||||
CA | Golden St Tob Sec CA | — | — | 13,226 | 14,095 | 13,226 | 14,095 | AAA | AAA | |||||||||||||||||||||
CA | LA CA | 7,246 | 7,641 | — | — | 7,246 | 7,641 | AA | AA | |||||||||||||||||||||
CA | LA CA Cnty Colg | 6,882 | 7,267 | — | — | 6,882 | 7,267 | AA | AA | |||||||||||||||||||||
CA | LA CA Uni Sch | 2,456 | 2,548 | — | — | 2,456 | 2,548 | AA | AA | |||||||||||||||||||||
CA | LA CA Univ Sch Dist | 40,718 | 41,816 | — | — | 40,718 | 41,816 | AA | AA | |||||||||||||||||||||
CA | LA CA Wastewater | — | — | 3,708 | 3,629 | 3,708 | 3,629 | AA | AA | |||||||||||||||||||||
CA | LA CA Wtr Power | — | — | 5,755 | 5,769 | 5,755 | 5,769 | AA | AA | |||||||||||||||||||||
CA | LA Cnty CA Met Trans | — | — | 12,432 | 12,628 | 12,432 | 12,628 | AA | AA | |||||||||||||||||||||
CA | Lompoc VY Ctr CA Rev | — | — | 3,524 | 3,528 | 3,524 | 3,528 | A | N/A | |||||||||||||||||||||
CA | Mendocino CA | — | — | 5,000 | 4,869 | 5,000 | 4,869 | A | N/A | |||||||||||||||||||||
CA | N Kern S Tulare CA HD | — | — | 4,708 | 4,266 | 4,708 | 4,266 | A | N/A | |||||||||||||||||||||
CA | North Sonoma Cnty CA Hosp | — | — | 8,914 | 8,829 | 8,914 | 8,829 | A | N/A | |||||||||||||||||||||
CA | Northern Inyo Cnty CA Hosp | 15,967 | 15,978 | — | — | 15,967 | 15,978 | AA | A | |||||||||||||||||||||
CA | Plumas CA Hosp | 3,207 | 3,306 | — | — | 3,207 | 3,306 | A | A | |||||||||||||||||||||
CA | Rancho Santiago CA Clg | 10,387 | 10,935 | — | — | 10,387 | 10,935 | AA | AA | |||||||||||||||||||||
CA | Sacramento CA City Fing | — | — | 3,689 | 3,707 | 3,689 | 3,707 | A | A | |||||||||||||||||||||
CA | Sacramento CA Mun Util | — | — | 656 | 673 | 656 | 673 | A | A | |||||||||||||||||||||
CA | San Diego CA Fin Auth Swr | — | — | 9,786 | 9,900 | 9,786 | 9,900 | AA | AA | |||||||||||||||||||||
CA | San Fran City Cnty Arpt | — | — | 17,291 | 18,374 | 17,291 | 18,374 | AA | A | |||||||||||||||||||||
CA | San Gorgonio CA | 14,044 | 12,486 | — | — | 14,044 | 12,486 | A | A | |||||||||||||||||||||
CA | San Jaoquin Hills CA | — | — | 3,315 | 3,657 | 3,315 | 3,657 | AAA | N/A | |||||||||||||||||||||
CA | Santa Monica CA College | 10,058 | 10,753 | — | — | 10,058 | 10,753 | AA | AA | |||||||||||||||||||||
CA | Sequoia CA Un High Sch Dist | 11,177 | 11,298 | — | — | 11,177 | 11,298 | AAA | N/A | |||||||||||||||||||||
CA | Sierra Kings CA Hlth Dist | 4,054 | 4,001 | — | — | 4,054 | 4,001 | BB | N/A | |||||||||||||||||||||
CA | Sierra View Loc Hlth Care | — | — | 10,192 | 9,833 | 10,192 | 9,833 | A | N/A | |||||||||||||||||||||
CA | Sonoma Valley CA Health | 5,330 | 4,905 | — | — | 5,330 | 4,905 | A | A | |||||||||||||||||||||
CA | South Orange Cnty CA Pub Fing | — | — | 2,440 | 2,531 | 2,440 | 2,531 | A | A | |||||||||||||||||||||
CA | Southern CA Pub Pwr Auth | — | — | 4,172 | 3,741 | 4,172 | 3,741 | AA | N/A | |||||||||||||||||||||
CA | Tahoe Forest CA Hosp Dist | 19,934 | 18,045 | — | — | 19,934 | 18,045 | AA | AA | |||||||||||||||||||||
CA | Tehachapi VY Hlth Dist CA | 2,471 | 2,483 | — | — | 2,471 | 2,483 | A | A | |||||||||||||||||||||
CA | Tulare CA Loc Hlth | — | — | 5,774 | 5,107 | 5,774 | 5,107 | BBB | N/A | |||||||||||||||||||||
CA | Univ CA | — | — | 26,557 | 26,251 | 26,557 | 26,251 | AA | AA | |||||||||||||||||||||
CO | Adams Cnty CO Distr | 1,124 | 1,139 | — | — | 1,124 | 1,139 | AA | AA | |||||||||||||||||||||
CO | Aurora CO | 3,184 | 3,190 | 1,083 | 1,040 | 4,267 | 4,230 | BBB | BBB | |||||||||||||||||||||
CO | CO Dept of Trans | — | — | 17,582 | 18,393 | 17,582 | 18,393 | AA | AA | |||||||||||||||||||||
CO | CO Health Facs | — | — | 2,124 | 2,141 | 2,124 | 2,141 | AA | AA | |||||||||||||||||||||
CO | CO St Dept Corr | — | — | 1,636 | 1,645 | 1,636 | 1,645 | AA | AA | |||||||||||||||||||||
CO | Colorado Springs CO Util | — | — | 1,088 | 1,088 | 1,088 | 1,088 | AA | AA | |||||||||||||||||||||
CO | Denver CO Cnty | — | — | 9,264 | 9,793 | 9,264 | 9,793 | AA | A | |||||||||||||||||||||
CO | E470 Pub Hwy CO | — | — | 1,454 | 1,466 | 1,454 | 1,466 | BBB | BBB | |||||||||||||||||||||
CO | Eagle Garfield & Routt Cnty CO | 2,105 | 2,142 | — | — | 2,105 | 2,142 | AA | AA | |||||||||||||||||||||
CO | Regnl Trans Dis CO | — | — | 14,120 | 15,248 | 14,120 | 15,248 | AA | AA | |||||||||||||||||||||
CO | Univ CO Enterprise | — | — | 5,235 | 5,587 | 5,235 | 5,587 | AA | AA | |||||||||||||||||||||
CO | Weld Cnty CO Sch Dist | 5,576 | 5,714 | — | — | 5,576 | 5,714 | AA | AA | |||||||||||||||||||||
CT | CT St Rev | 2,910 | 2,979 | 2,910 | 2,979 | AAA | AAA | |||||||||||||||||||||||
CT | CT St Arpt Rev | — | — | 4,496 | 4,481 | 4,496 | 4,481 | A | A | |||||||||||||||||||||
CT | CT St Health & Edl | — | — | 2,343 | 2,375 | 2,343 | 2,375 | A | A | |||||||||||||||||||||
CT | CT St Res Recover Auth | — | — | 1,874 | 1,860 | 1,874 | 1,860 | AA | AA | |||||||||||||||||||||
DC | DC Rev | 35,678 | 36,085 | 35,678 | 36,085 | AA | AA | |||||||||||||||||||||||
DC | Wash DC Metro Tran | — | — | 2,906 | 2,971 | 2,906 | 2,971 | A | A |
DC | DC Ballpark | — | — | 1,711 | 1,777 | 1,711 | 1,777 | A | A | |||||||||||||||||||||
DC | DC Wtr & Swr Aut | — | — | 14,722 | 15,554 | 14,722 | 15,554 | AA | AA | |||||||||||||||||||||
DC | Metro Wash DC Arpt | — | — | 15,768 | 15,356 | 15,768 | 15,356 | AA | AA | |||||||||||||||||||||
DC | Wash DC Conv Cntr | — | — | 6,141 | 6,350 | 6,141 | 6,350 | A | A | |||||||||||||||||||||
DE | DE St | 19,980 | 20,250 | — | — | 19,980 | 20,250 | AAA | AAA | |||||||||||||||||||||
DE | DE Trans Auth | — | — | 1,068 | 1,126 | 1,068 | 1,126 | AA | AA | |||||||||||||||||||||
FL | Brevard Cnty FL Sch Brd | — | — | 1,062 | 1,059 | 1,062 | 1,059 | AA | AA | |||||||||||||||||||||
FL | Broward Cnty FL | — | — | 735 | 740 | 735 | 740 | A | N/A | |||||||||||||||||||||
FL | Broward Cnty FL Sch Brd | — | — | 4,690 | 4,873 | 4,690 | 4,873 | AA | A | |||||||||||||||||||||
FL | Broward County FL | 506 | 522 | — | — | 506 | 522 | AAA | AAA | |||||||||||||||||||||
FL | Citizens PPTY Ins Corp FL | — | — | 6,879 | 6,810 | 6,879 | 6,810 | A | A | |||||||||||||||||||||
FL | Collier Cnty Fl Cap Rev | — | — | 2,074 | 2,171 | 2,074 | 2,171 | AA | AA | |||||||||||||||||||||
FL | Collier Cnty FL Sch Brd | — | — | 509 | 527 | 509 | 527 | AA | AA | |||||||||||||||||||||
FL | Escambia Cnty FL Hlth Facs | — | — | 1,177 | 1,231 | 1,177 | 1,231 | AA | AA | |||||||||||||||||||||
FL | Escambia Cnty FL Polutin | — | — | 1,105 | 1,156 | 1,105 | 1,156 | BBB | N/A | |||||||||||||||||||||
FL | FL Board of Educ | 22,556 | 23,488 | — | — | 22,556 | 23,488 | AAA | AA | |||||||||||||||||||||
FL | FL Brd Ed Pub | 4,103 | 4,304 | — | — | 4,103 | 4,304 | AAA | AA | |||||||||||||||||||||
FL | FL Brd Lottery | — | — | 44,471 | 45,301 | 44,471 | 45,301 | AA | A | |||||||||||||||||||||
FL | FL Dept Envir Protn | — | — | 17,991 | 18,574 | 17,991 | 18,574 | AA | AA | |||||||||||||||||||||
FL | FL Dept Mgmt SVCS | — | — | 5,137 | 5,300 | 5,137 | 5,300 | AA | AA | |||||||||||||||||||||
FL | FL Dept Trans | — | — | 514 | 540 | 514 | 540 | A | A | |||||||||||||||||||||
FL | FL Div Brd Fin Dept | — | — | 5,064 | 5,128 | 5,064 | 5,128 | AA | A | |||||||||||||||||||||
FL | FL Hurricane Catastrophe | — | — | 5,062 | 5,202 | 5,062 | 5,202 | AA | AA | |||||||||||||||||||||
FL | FL St Brd Ed | 11,738 | 11,491 | — | — | 11,738 | 11,491 | AAA | AA | |||||||||||||||||||||
FL | FL St Dept Tran TPK | — | — | 5,226 | 5,567 | 5,226 | 5,567 | AA | AA | |||||||||||||||||||||
FL | FL State St Johns Riv | — | — | 13,515 | 13,827 | 13,515 | 13,827 | AA | AA | |||||||||||||||||||||
FL | FL Turnpike Auth | — | — | 19,474 | 19,967 | 19,474 | 19,967 | AA | AA | |||||||||||||||||||||
FL | FL Wtr Pollution Ctl Fing | — | — | 11,130 | 10,688 | 11,130 | 10,688 | AAA | AAA | |||||||||||||||||||||
FL | Gainesville FL Utils Sys | — | — | 2,353 | 2,470 | 2,353 | 2,470 | AA | AA | |||||||||||||||||||||
FL | Highlands Cnty FL Hlth Fac | — | — | 6,572 | 6,736 | 6,572 | 6,736 | AA | AA | |||||||||||||||||||||
FL | Hillsborough Cnty FL Schl Brd | — | — | 3,513 | 3,627 | 3,513 | 3,627 | BBB | BBB | |||||||||||||||||||||
FL | Hillsborough Cnty FL Util | — | — | 2,155 | 2,267 | 2,155 | 2,267 | AA | AA | |||||||||||||||||||||
FL | Jea FL Elec Sys | — | — | 4,719 | 4,699 | 4,719 | 4,699 | AA | AA | |||||||||||||||||||||
FL | Kissimmee FL Util Elect | — | — | 2,301 | 2,393 | 2,301 | 2,393 | A | A | |||||||||||||||||||||
FL | Lakeland FL Elec & Wtr | — | — | 1,879 | 1,952 | 1,879 | 1,952 | AA | A | |||||||||||||||||||||
FL | Lakeland FL Energy | — | — | 2,505 | 2,450 | 2,505 | 2,450 | AA | A | |||||||||||||||||||||
FL | Manatee Cnty FL Sch Brd | — | — | 1,328 | 1,365 | 1,328 | 1,365 | AA | A | |||||||||||||||||||||
FL | Marion Cnty FL Hosp | — | — | 357 | 365 | 357 | 365 | A | A | |||||||||||||||||||||
FL | Miami Dade Cnty | — | — | 4,075 | 4,246 | 4,075 | 4,246 | A | A | |||||||||||||||||||||
FL | Miami Dade Cnty FL | 8,697 | 9,138 | — | — | 8,697 | 9,138 | AA | A | |||||||||||||||||||||
FL | Miami Dade Cnty FL Aviation | — | — | 14,677 | 14,439 | 14,677 | 14,439 | A | A | |||||||||||||||||||||
FL | Miami Dade Cnty Fl Hlth | — | — | 1,000 | 1,040 | 1,000 | 1,040 | A | A | |||||||||||||||||||||
FL | Miami Dade Cnty FL Sch | — | — | 513 | 533 | 513 | 533 | A | A | |||||||||||||||||||||
FL | Miami Dade Cnty Wtr Swr Re | — | — | 8,124 | 8,423 | 8,124 | 8,423 | AA | AA | |||||||||||||||||||||
FL | Orange Cnty Fl Hlth Facs | — | — | 4,819 | 4,911 | 4,819 | 4,911 | AAA | N/A | |||||||||||||||||||||
FL | Orange Cnty FL Sales Tax | — | — | 4,250 | 4,250 | 4,250 | 4,250 | AA | AA | |||||||||||||||||||||
FL | Orange Cnty FL Sch Brd | — | — | 2,705 | 2,741 | 2,705 | 2,741 | AA | AA | |||||||||||||||||||||
FL | Orange Cnty FL Tourist | — | — | 7,052 | 7,243 | 7,052 | 7,243 | A | A | |||||||||||||||||||||
FL | Orlando FL Aviat Auth | — | — | 20,113 | 21,455 | 20,113 | 21,455 | AA | AA | |||||||||||||||||||||
FL | Orlando FL Cap Impt | — | — | 1,082 | 1,131 | 1,082 | 1,131 | AA | AA | |||||||||||||||||||||
FL | Orlando FL Utils Wtr | — | — | 24,383 | 25,133 | 24,383 | 25,133 | AA | AA | |||||||||||||||||||||
FL | Osceola Cntry FL Sch | — | — | 1,028 | 1,074 | 1,028 | 1,074 | A | A | |||||||||||||||||||||
FL | Palm Beach Cnty FL Hlth | — | — | 697 | 708 | 697 | 708 | AA | A | |||||||||||||||||||||
FL | Palm Beach Cnty FL Pub | — | — | 1,043 | 1,130 | 1,043 | 1,130 | AA | AA | |||||||||||||||||||||
FL | Palm Beach Cnty FL Sch | — | — | 6,134 | 6,464 | 6,134 | 6,464 | AA | AA | |||||||||||||||||||||
FL | Pasco Cnty FL Sch Dist | — | — | 2,300 | 2,356 | 2,300 | 2,356 | A | A | |||||||||||||||||||||
FL | Putnam Cnty FL Poll Ctl | — | — | 1,000 | 1,028 | 1,000 | 1,028 | A | A | |||||||||||||||||||||
FL | South Miami FL Health | — | — | 7,984 | 8,199 | 7,984 | 8,199 | AA | AA | |||||||||||||||||||||
FL | St Lucie Cnty FL Tran | — | — | 1,044 | 1,082 | 1,044 | 1,082 | A | A | |||||||||||||||||||||
FL | Tampa Bay FL Util | — | — | 13,495 | 13,480 | 13,495 | 13,480 | AA | AA | |||||||||||||||||||||
FL | Tampa Bay FL Wtr | — | — | 8,730 | 8,239 | 8,730 | 8,239 | AA | AA | |||||||||||||||||||||
FL | Tampa FL Baycare Hlth Sys | — | — | 1,074 | 1,070 | 1,074 | 1,070 | AA | AA | |||||||||||||||||||||
FL | Tampa FL Util Tax | — | — | 2,404 | 2,511 | 2,404 | 2,511 | AA | AA | |||||||||||||||||||||
GA | Atlanta GA | 1,360 | 1,387 | — | — | 1,360 | 1,387 | A | A | |||||||||||||||||||||
GA | Atlanta GA Arpt | — | — | 12,439 | 12,494 | 12,439 | 12,494 | A | A | |||||||||||||||||||||
GA | Bryan Cnty GA | 1,898 | 1,923 | — | — | 1,898 | 1,923 | AA | AA | |||||||||||||||||||||
GA | Burke Cnty GA Auth | — | — | 8,930 | 8,999 | 8,930 | 8,999 | A | A |
GA | Dawson Cnty GA | 2,119 | 2,271 | — | — | 2,119 | 2,271 | AA | A | |||||||||||||||||||||
GA | DeKalb Cnty GA | 2,092 | 2,288 | 6,093 | 5,630 | 8,185 | 7,918 | BBB | BBB | |||||||||||||||||||||
GA | Fulton DeKalb GA Hosp Auth | — | — | 2,088 | 2,125 | 2,088 | 2,125 | AA | AA | |||||||||||||||||||||
GA | GA Mun Elec Auth | — | — | 5,603 | 5,766 | 5,603 | 5,766 | AA | A | |||||||||||||||||||||
GA | GA Rd & Twy Auth | — | — | 15,754 | 16,395 | 15,754 | 16,395 | AA | AA | |||||||||||||||||||||
GA | GE Rd & Twy Auth | — | — | 509 | 530 | 509 | 530 | AA | AA | |||||||||||||||||||||
GA | Gwinnett Cnty GA Dev | — | — | 9,711 | 9,952 | 9,711 | 9,952 | AA | AA | |||||||||||||||||||||
GA | Gwinnett Cnty GA Sch Dist | 2,056 | 2,171 | — | — | 2,056 | 2,171 | AAA | AAA | |||||||||||||||||||||
GA | Henry Cnty GA | 9,717 | 10,148 | — | — | 9,717 | 10,148 | AA | AA | |||||||||||||||||||||
GA | Jackson Cnty GA Sch Dist | 1,444 | 1,501 | — | — | 1,444 | 1,501 | A | AA | |||||||||||||||||||||
GA | Lowndes Cnty GA | 1,563 | 1,618 | — | — | 1,563 | 1,618 | AA | AA | |||||||||||||||||||||
GA | Lowndes Cnty GA Sch | 761 | 784 | — | — | 761 | 784 | AA | A | |||||||||||||||||||||
GA | Metro Atlanta GA Rapid | — | — | 18,023 | 19,097 | 18,023 | 19,097 | AA | AA | |||||||||||||||||||||
GA | Monroe Cnty GA Dev Auth | — | — | 1,785 | 1,785 | 1,785 | 1,785 | A | N/A | |||||||||||||||||||||
GA | Savannah GA Econ Dev | — | — | 100 | 107 | 100 | 107 | BBB | BBB | |||||||||||||||||||||
HI | HI St | 14,046 | 14,794 | — | — | 14,046 | 14,794 | AA | AA | |||||||||||||||||||||
HI | HI St Airport System | — | — | 7,998 | 8,116 | 7,998 | 8,116 | A | A | |||||||||||||||||||||
HI | HI St HBR Sys | — | — | 6,215 | 6,201 | 6,215 | 6,201 | AA | A | |||||||||||||||||||||
HI | HI St Hwy | — | — | 3,404 | 3,584 | 3,404 | 3,584 | AA | AA | |||||||||||||||||||||
HI | Honolulu HI | — | — | 2,123 | 2,152 | 2,123 | 2,152 | AA | AA | |||||||||||||||||||||
HI | Univ HI Sys | — | — | 2,058 | 2,146 | 2,058 | 2,146 | AA | AA | |||||||||||||||||||||
IA | IA Fin Auth | — | — | 1,165 | 1,224 | 1,165 | 1,224 | AAA | AAA | |||||||||||||||||||||
IL | Chicago IL | 40,703 | 41,680 | 8,464 | 8,382 | 49,167 | 50,061 | BBB | BBB | |||||||||||||||||||||
IL | Chicago IL Brd Ed | 9,542 | 9,381 | — | — | 9,542 | 9,381 | AA | AA | |||||||||||||||||||||
IL | Chicago IL HSG Auth Cap | — | — | 5,391 | 5,445 | 5,391 | 5,445 | AAA | N/A | |||||||||||||||||||||
IL | Chicago IL Metro Water | 4,458 | 4,660 | — | — | 4,458 | 4,660 | AAA | AAA | |||||||||||||||||||||
IL | Chicago IL Motor Fuel | — | — | 2,918 | 2,810 | 2,918 | 2,810 | AA | AA | |||||||||||||||||||||
IL | Chicago IL O’Hare Airport | — | — | 4,058 | 4,220 | 4,058 | 4,220 | AA | A | |||||||||||||||||||||
IL | Chicago IL Pub Bld | — | — | 1,540 | 1,605 | 1,540 | 1,605 | AAA | N/A | |||||||||||||||||||||
IL | Chicago IL Tran Auth | — | — | 5,219 | 5,453 | 5,219 | 5,453 | A | A | |||||||||||||||||||||
IL | Cook County IL | 16,876 | 17,523 | — | — | 16,876 | 17,523 | AA | AA | |||||||||||||||||||||
IL | Cook County IL Sch Dist 225 | 1,398 | 1,430 | — | — | 1,398 | 1,430 | AAA | AAA | |||||||||||||||||||||
IL | Du Page Cnty IL | 5,082 | 5,222 | — | — | 5,082 | 5,222 | AAA | AAA | |||||||||||||||||||||
IL | Du Page Cnty IL Trans | — | — | 10,451 | 10,637 | 10,451 | 10,637 | AA | N/A | |||||||||||||||||||||
IL | IL Edl Facs Auth | — | — | 2,708 | 2,720 | 2,708 | 2,720 | AA | AA | |||||||||||||||||||||
IL | IL Fin Auth Gas | — | — | 3,000 | 2,990 | 3,000 | 2,990 | A | N/A | |||||||||||||||||||||
IL | IL Fin Auth Univ Chicago | — | — | 6,223 | 6,124 | 6,223 | 6,124 | AA | AA | |||||||||||||||||||||
IL | IL Health Facs | — | — | 2,037 | 2,127 | 2,037 | 2,127 | AA | AA | |||||||||||||||||||||
IL | IL St Sales Tax | — | — | 6,639 | 6,698 | 6,639 | 6,698 | AA | AA | |||||||||||||||||||||
IL | IL St Toll Hwy Auth | — | — | 28,487 | 29,450 | 28,487 | 29,450 | AA | AA | |||||||||||||||||||||
IL | Lake Cnty IL Sch Dist | 2,117 | 2,220 | — | — | 2,117 | 2,220 | AA | AA | |||||||||||||||||||||
IL | Madison Cnty IL Sch | 1,177 | 1,230 | — | — | 1,177 | 1,230 | BBB | A | |||||||||||||||||||||
IL | Northwest Water Agcy | — | — | 6,865 | 7,211 | 6,865 | 7,211 | AA | AA | |||||||||||||||||||||
IL | Quincy IL | — | — | 503 | 510 | 503 | 510 | A | A | |||||||||||||||||||||
IL | Reg Trns Auth IL | — | — | 22,149 | 21,874 | 22,149 | 21,874 | AA | AA | |||||||||||||||||||||
IL | Southern IL Univ | — | — | 4,104 | 4,232 | 4,104 | 4,232 | AA | A | |||||||||||||||||||||
IL | Univ of IL | — | — | 1,520 | 1,542 | 1,520 | 1,542 | AA | AA | |||||||||||||||||||||
IN | Hammond IN Multi-Sch Bld | — | — | 785 | 828 | 785 | 828 | AA | AA | |||||||||||||||||||||
IN | IN Bd Bk | — | — | 3,595 | 3,789 | 3,595 | 3,789 | AAA | N/A | |||||||||||||||||||||
IN | IN Fin Auth | — | — | 4,737 | 4,801 | 4,737 | 4,801 | AAA | AAA | |||||||||||||||||||||
IN | IN Hlth Fac Fing Auth | — | — | 3,412 | 3,487 | 3,412 | 3,487 | AA | AA | |||||||||||||||||||||
IN | IN IPS Multi Sch Bldg | — | — | 4,133 | 4,404 | 4,133 | 4,404 | AA | AA | |||||||||||||||||||||
IN | IN Muni Power Agency | — | — | 250 | 250 | 250 | 250 | A | A | |||||||||||||||||||||
IN | IN St Hsg Fin Auth Sg Fam | — | — | 883 | 878 | 883 | 878 | AAA | AAA | |||||||||||||||||||||
IN | IN Trans Auth | — | — | 19,582 | 20,105 | 19,582 | 20,105 | AA | AA | |||||||||||||||||||||
IN | IN W Clark 2000 Sch | — | — | 1,035 | 1,051 | 1,035 | 1,051 | A | AA | |||||||||||||||||||||
IN | Indianapolis IN Arpt Auth | — | — | 1,072 | 1,038 | 1,072 | 1,038 | BBB | BBB | |||||||||||||||||||||
IN | Indianapolis IN Loc Pub | — | — | 4,784 | 5,190 | 4,784 | 5,190 | AAA | AAA | |||||||||||||||||||||
IN | Indianapolis IN Pub | — | — | 4,850 | 5,035 | 4,850 | 5,035 | AAA | AAA | |||||||||||||||||||||
IN | MSD Warren Twp IN | — | — | 3,312 | 3,324 | 3,312 | 3,324 | AA | AA | |||||||||||||||||||||
IN | South Band IN Cmty Sch Bldg | — | — | 1,374 | 1,420 | 1,374 | 1,420 | AA | AA | |||||||||||||||||||||
IN | West Lafayette IN Sch bldg | — | — | 1,253 | 1,333 | 1,253 | 1,333 | AA | AA | |||||||||||||||||||||
KS | Johnson Cnty KS Uni Sch | 4,963 | 5,178 | — | — | 4,963 | 5,178 | AA | AA | |||||||||||||||||||||
KS | Kansas St Dev | — | — | 1,671 | 1,774 | 1,671 | 1,774 | AA | AA | |||||||||||||||||||||
KS | KS Dept Trans Hwy | — | — | 14,338 | 14,618 | 14,338 | 14,618 | AA | AA | |||||||||||||||||||||
KS | Sedgwick & Shawnee Cntys KS | — | — | 295 | 294 | 295 | 294 | AAA | N/A | |||||||||||||||||||||
KS | Topeka KA Pub Bldg Comm | — | — | 5,327 | 5,646 | 5,327 | 5,646 | A | AA |
KS | Overland Park UHG Lease | — | — | 13,427 | 13,427 | 13,427 | 13,427 | N/A | N/A | |||||||||||||||||||||
KY | KY Asset Liab Comm | — | — | 2,041 | 2,120 | 2,041 | 2,120 | AA | AA | |||||||||||||||||||||
KY | KY Hsg Corp Hsg | — | — | 2,062 | 2,086 | 2,062 | 2,086 | AAA | AAA | |||||||||||||||||||||
KY | KY PPTY & Bldg Comm | — | — | 33,218 | 34,459 | 33,218 | 34,459 | AA | AA | |||||||||||||||||||||
LA | Jefferson Parish LA | — | — | 412 | 413 | 412 | 413 | AAA | N/A | |||||||||||||||||||||
LA | LA Pub Fac Auth | — | — | 6,275 | 6,542 | 6,275 | 6,542 | AA | AA | |||||||||||||||||||||
LA | LA St Citz Ppty Ins | — | — | 500 | 514 | 500 | 514 | BBB | BBB | |||||||||||||||||||||
LA | LO Pub Fac Auth | — | — | 6,382 | 6,887 | 6,382 | 6,887 | A | A | |||||||||||||||||||||
LA | Morehouse Parish LA Poll | — | — | 514 | 532 | 514 | 532 | BBB | BBB | |||||||||||||||||||||
LA | NO LA Aviation Brd | — | — | 1,859 | 1,924 | 1,859 | 1,924 | AA | A | |||||||||||||||||||||
MA | Boston MA | 7,130 | 7,469 | — | — | 7,130 | 7,469 | AA | AAA | |||||||||||||||||||||
MA | Boston Mass Spl Ob | — | — | 2,004 | 2,031 | 2,004 | 2,031 | AA | AA | |||||||||||||||||||||
MA | MA Bay Tran Auth | — | — | 67,820 | 69,874 | 67,820 | 69,874 | AA | AA | |||||||||||||||||||||
MA | MA St Dep Hwy Sys | — | — | 1,090 | 1,097 | 1,090 | 1,097 | A | A | |||||||||||||||||||||
MA | MA St Dev Fin Agy | — | — | 1,067 | 1,162 | 1,067 | 1,162 | AAA | AAA | |||||||||||||||||||||
MA | MA St Health & Ed | — | — | 23,397 | 23,382 | 23,397 | 23,382 | AAA | AAA | |||||||||||||||||||||
MA | MA St Hlth & Ed | — | — | 27,337 | 27,992 | 27,337 | 27,992 | AAA | AAA | |||||||||||||||||||||
MA | MA St Port Auth | — | — | 1,042 | 1,106 | 1,042 | 1,106 | AA | AA | |||||||||||||||||||||
MA | MA St Sch Bldg Auth | — | — | 450 | 455 | 450 | 455 | AA | AA | |||||||||||||||||||||
MA | MA St Spl Obl | — | — | 467 | 497 | 467 | 497 | AA | AA | |||||||||||||||||||||
MA | MA St Whsl Elec | — | — | 4,112 | 4,156 | 4,112 | 4,156 | A | A | |||||||||||||||||||||
MA | MA St Wtr Pol Abate | — | — | 24,399 | 24,676 | 24,399 | 24,676 | AAA | AAA | |||||||||||||||||||||
MA | MA St Wtr Poll Abatement | — | — | 5,418 | 5,834 | 5,418 | 5,834 | AAA | AAA | |||||||||||||||||||||
MA | MA St Wtr Res | — | — | 44,456 | 46,748 | 44,456 | 46,748 | AA | AA | |||||||||||||||||||||
MA | Univ MA Bldg Auth Proj | — | — | 8,867 | 9,431 | 8,867 | 9,431 | A | A | |||||||||||||||||||||
MD | Anne Arundel Cnty MD | 3,386 | 3,590 | — | — | 3,386 | 3,590 | AA | AA | |||||||||||||||||||||
MD | Baltimore Cnty MD | — | — | 5,410 | 5,832 | 5,410 | 5,832 | AA | AA | |||||||||||||||||||||
MD | Baltimore MD | — | — | 2,027 | 2,044 | 2,027 | 2,044 | BBB | A | |||||||||||||||||||||
MD | Frederick Cnty MD | 2,812 | 3,081 | — | — | 2,812 | 3,081 | AA | AA | |||||||||||||||||||||
MD | Harford MD | 2,601 | 2,604 | — | — | 2,601 | 2,604 | AAA | AAA | |||||||||||||||||||||
MD | Howard Cnty MD | 6,217 | 6,324 | — | — | 6,217 | 6,324 | AAA | AAA | |||||||||||||||||||||
MD | MD Dept Trans Cons | — | — | 31,701 | 33,652 | 31,701 | 33,652 | AA | AA | |||||||||||||||||||||
MD | MD St Hlth & Hgr Ed | — | — | 1,044 | 1,096 | 1,044 | 1,096 | AA | AA | |||||||||||||||||||||
MD | MD Trans Auth | — | — | 21,539 | 21,851 | 21,539 | 21,851 | AA | AA | |||||||||||||||||||||
MD | Montgomery Cnty MD | 3,385 | 3,699 | — | — | 3,385 | 3,699 | AAA | AAA | |||||||||||||||||||||
MD | Prince George Cnty MD | 614 | 583 | — | — | 614 | 583 | AAA | AAA | |||||||||||||||||||||
MD | WA MD Subn San Distr | 9,584 | 9,716 | — | — | 9,584 | 9,716 | AAA | AAA | |||||||||||||||||||||
MD | WA San Dist MD | 4,369 | 4,457 | — | — | 4,369 | 4,457 | AAA | AAA | |||||||||||||||||||||
ME | ME St TPK Auth | — | — | 1,167 | 1,202 | 1,167 | 1,202 | AA | AA | |||||||||||||||||||||
MI | MI St Rev | 19,302 | 19,586 | 19,302 | 19,586 | AA | AA | |||||||||||||||||||||||
MI | Carman Ainsworth MI | 1,026 | 1,062 | — | — | 1,026 | 1,062 | A | A | |||||||||||||||||||||
MI | Detroit MI City Schl Dist | 2,379 | 2,435 | — | — | 2,379 | 2,435 | AA | AA | |||||||||||||||||||||
MI | Detroit MI Sew | — | — | 18,400 | 17,834 | 18,400 | 17,834 | A | A | |||||||||||||||||||||
MI | Detroit MI Wtr Supp Sys | — | — | 464 | 478 | 464 | 478 | A | A | |||||||||||||||||||||
MI | Ferris ST Univ MI | — | — | 5,263 | 5,418 | 5,263 | 5,418 | AA | A | |||||||||||||||||||||
MI | Forest Hills MI Sch | 1,146 | 1,227 | — | — | 1,146 | 1,227 | AA | AA | |||||||||||||||||||||
MI | Huron Valley MI Sch Dist | 4,486 | 4,591 | — | — | 4,486 | 4,591 | AA | AA | |||||||||||||||||||||
MI | Kent Fin Auth MI | — | — | 1,388 | 1,491 | 1,388 | 1,491 | AA | AA | |||||||||||||||||||||
MI | Lake Orion MI Cnty Sch Dist | 1,676 | 1,752 | — | — | 1,676 | 1,752 | AA | AA | |||||||||||||||||||||
MI | MI Fin Auth | — | — | 619 | 618 | 619 | 618 | AA | AA | |||||||||||||||||||||
MI | MI St Bldg Auth | — | — | 17,662 | 18,009 | 17,662 | 18,009 | A | A | |||||||||||||||||||||
MI | MI St Comp Transn | — | — | 2,317 | 2,275 | 2,317 | 2,275 | AA | AA | |||||||||||||||||||||
MI | MI St Hosp Fin | — | — | 7,667 | 7,580 | 7,667 | 7,580 | AA | AA | |||||||||||||||||||||
MI | MI St Mun Bd Auth | — | — | 23,532 | 23,855 | 23,532 | 23,855 | AAA | AAA | |||||||||||||||||||||
MI | MI St Strategic Fd | — | — | 3,125 | 3,264 | 3,125 | 3,264 | AA | A | |||||||||||||||||||||
MI | MI St Trunk Line | — | — | 8,215 | 8,693 | 8,215 | 8,693 | AA | AA | |||||||||||||||||||||
MI | Traverse City MI Area Pub | 1,041 | 1,085 | — | — | 1,041 | 1,085 | AA | AA | |||||||||||||||||||||
MI | Wayne Cnty MI Arpt Auth | — | — | 13,067 | 13,375 | 13,067 | 13,375 | A | A | |||||||||||||||||||||
MN | Minneapolis & St. Paul MN | — | — | 5,063 | 5,179 | 5,063 | 5,179 | A | A | |||||||||||||||||||||
MN | MN Pub Facs Auth | — | — | 2,132 | 2,326 | 2,132 | 2,326 | AAA | AAA | |||||||||||||||||||||
MN | Nrthn Pwr MN Elec | — | — | 3,211 | 3,294 | 3,211 | 3,294 | AA | A | |||||||||||||||||||||
MN | Southern MN Mun Pwr Agy | — | — | 7,165 | 7,621 | 7,165 | 7,621 | A | A | |||||||||||||||||||||
MN | Univ of MN | — | — | 1,835 | 2,015 | 1,835 | 2,015 | AA | N/A | |||||||||||||||||||||
MN | Univ of MN SPL Purp | — | — | 4,635 | 4,658 | 4,635 | 4,658 | AA | AA | |||||||||||||||||||||
MO | Bi State Dev Agy MO IL | — | — | 2,235 | 2,230 | 2,235 | 2,230 | AA | N/A | |||||||||||||||||||||
MO | Curators Univ MO Sys Facs | — | — | 4,172 | 4,334 | 4,172 | 4,334 | AA | AA | |||||||||||||||||||||
MO | Hazelwood MO Sch Dist | 532 | 566 | — | — | 532 | 566 | AA | AA |
MO | Kansas City MO Arpt | — | — | 2,609 | 2,752 | 2,609 | 2,752 | A | A | |||||||||||||||||||||
MO | Kansas City MO Water | — | — | 1,907 | 1,972 | 1,907 | 1,972 | AA | AA | |||||||||||||||||||||
MO | MO St Envrmnt Energy | — | — | 430 | 448 | 430 | 448 | BBB | N/A | |||||||||||||||||||||
MO | MO St Hlth & Edl Facs | — | — | 523 | 546 | 523 | 546 | AA | A | |||||||||||||||||||||
MO | MO St Hsg Dev Comm Sgl | — | — | 4,198 | 4,262 | 4,198 | 4,262 | AAA | N/A | |||||||||||||||||||||
MO | MO St JT Mun Elec Util | — | — | 1,249 | 1,315 | 1,249 | 1,315 | A | A | |||||||||||||||||||||
MO | MS Hwy Trans | — | — | 64,747 | 67,104 | 64,747 | 67,104 | AA | AA | |||||||||||||||||||||
MO | St Louis MO Airport | — | — | 4,633 | 4,690 | 4,633 | 4,690 | BBB | BBB | |||||||||||||||||||||
MS | MS Med Ctr Bldg | — | — | 7,570 | 7,426 | 7,570 | 7,426 | AA | AA | |||||||||||||||||||||
MS | MS St Bus Fin Corp | — | — | 1,000 | 998 | 1,000 | 998 | A | N/A | |||||||||||||||||||||
MT | MT St Brd Hsg | — | — | 914 | 917 | 914 | 917 | AA | AA | |||||||||||||||||||||
NC | Charlotte NC | 3,948 | 3,997 | — | — | 3,948 | 3,997 | AAA | AAA | |||||||||||||||||||||
NC | Charlotte NC Mecklenburg | — | — | 11,999 | 11,861 | 11,999 | 11,861 | AA | AA | |||||||||||||||||||||
NC | Durham Cnty NC | — | — | 523 | 543 | 523 | 543 | AA | AA | |||||||||||||||||||||
NC | Guilford NC | 3,610 | 3,634 | — | — | 3,610 | 3,634 | AAA | AAA | |||||||||||||||||||||
NC | Iredell Cnty NC | — | — | 1,420 | 1,514 | 1,420 | 1,514 | AA | AA | |||||||||||||||||||||
NC | Mecklenburg Cnty NC | 46,258 | 47,293 | — | — | 46,258 | 47,293 | AAA | AAA | |||||||||||||||||||||
NC | NC Mecklenburg Cnty Pub | — | — | 8,334 | 8,333 | 8,334 | 8,333 | AA | AA | |||||||||||||||||||||
NC | NC Med Care Com Hlth | — | — | 1,292 | 1,301 | 1,292 | 1,301 | A | A | |||||||||||||||||||||
NC | NC Med Care Fac | — | — | 1,333 | 1,379 | 1,333 | 1,379 | A | A | |||||||||||||||||||||
NC | NC Muni Power Agy | — | — | 5,041 | 4,960 | 5,041 | 4,960 | A | A | |||||||||||||||||||||
NC | NC St Eastn Muni Pwr Agy | — | — | 3,247 | 3,258 | 3,247 | 3,258 | A | BBB | |||||||||||||||||||||
NC | Raleigh Durham NC | — | — | 11,525 | 10,863 | 11,525 | 10,863 | AA | AA | |||||||||||||||||||||
NC | U of NC | — | — | 3,753 | 4,057 | 3,753 | 4,057 | AA | AAA | |||||||||||||||||||||
NC | Wake Cnty NC | 15,159 | 15,771 | — | — | 15,159 | 15,771 | AAA | AAA | |||||||||||||||||||||
NE | Central Plains Enrgy NE | — | — | 1,819 | 2,246 | 1,819 | 2,246 | BB | N/A | |||||||||||||||||||||
NE | Lancaster Cnty NE | — | — | 1,025 | 1,066 | 1,025 | 1,066 | A | A | |||||||||||||||||||||
NE | NE St Invt Fin Auth | — | — | 1,956 | 1,923 | 1,956 | 1,923 | AAA | N/A | |||||||||||||||||||||
NE | NE St Pub Pwr Dist | — | — | 18,849 | 19,128 | 18,849 | 19,128 | A | A | |||||||||||||||||||||
NE | Omaha NE | 6,497 | 7,054 | — | — | 6,497 | 7,054 | AAA | AAA | |||||||||||||||||||||
NE | Omaha NE Pub Pwr Dist | — | — | 1,523 | 1,518 | 1,523 | 1,518 | AA | AA | |||||||||||||||||||||
NH | NH St Hsg Fin Auth | — | — | 25 | 25 | 25 | 25 | AA | AA | |||||||||||||||||||||
NJ | Casino Reinv Dev Auth NJ | — | — | 468 | 456 | 468 | 456 | A | A | |||||||||||||||||||||
NJ | Gloucester Cnty NJ | — | — | 1,138 | 1,220 | 1,138 | 1,220 | AA | AA | |||||||||||||||||||||
NJ | NJ Hlth Care Facs | — | — | 6,261 | 6,534 | 6,261 | 6,534 | AA | AA | |||||||||||||||||||||
NJ | NJ St Building Auth | — | — | 219 | 220 | 219 | 220 | AA | AA | |||||||||||||||||||||
NJ | NJ St Ctfs Partn | — | — | 14,095 | 14,844 | 14,095 | 14,844 | AA | AA | |||||||||||||||||||||
NJ | NJ St Econ Dev Auth | — | — | 150 | 160 | 150 | 160 | AA | AA | |||||||||||||||||||||
NJ | NJ St Economic Dev | — | — | 11,977 | 12,514 | 11,977 | 12,514 | AA | AA | |||||||||||||||||||||
NJ | NJ St Edl Facs Auth | — | — | 1,496 | 1,618 | 1,496 | 1,618 | AAA | AAA | |||||||||||||||||||||
NJ | NJ St Env Infr | — | — | 2,595 | 2,757 | 2,595 | 2,757 | AAA | AAA | |||||||||||||||||||||
NJ | NJ St Higher Ed Student | — | — | 394 | 396 | 394 | 396 | A | N/A | |||||||||||||||||||||
NJ | NJ St Hlth Care Fac | — | — | 10,616 | 10,348 | 10,616 | 10,348 | BBB | BBB | |||||||||||||||||||||
NJ | NJ St Hwy Auth | — | — | 6,212 | 6,388 | 6,212 | 6,388 | AAA | N/A | |||||||||||||||||||||
NJ | NJ St Trans | — | — | 25,538 | 26,495 | 25,538 | 26,495 | AA | AA | |||||||||||||||||||||
NJ | NJ St Transn TR FD | — | — | 20,643 | 21,313 | 20,643 | 21,313 | AAA | AA | |||||||||||||||||||||
NJ | NJ St Turnpike Auth | — | — | 4,333 | 4,531 | 4,333 | 4,531 | A | A | |||||||||||||||||||||
NJ | Tobacco Stlmnt NJ | — | — | 33,747 | 36,003 | 33,747 | 36,003 | AAA | N/A | |||||||||||||||||||||
NJ | WA Twp NJ Ed Mercer Cty | 506 | 522 | — | — | 506 | 522 | AA | N/A | |||||||||||||||||||||
NM | NM Fin Auth | — | — | 4,230 | 4,434 | 4,230 | 4,434 | AA | AA | |||||||||||||||||||||
NM | NM Mtg Fin Auth | — | — | 3,565 | 3,697 | 3,565 | 3,697 | AAA | N/A | |||||||||||||||||||||
NM | NM St Fin Auth | — | — | 1,529 | 1,591 | 1,529 | 1,591 | AA | AA | |||||||||||||||||||||
NM | NM St Sev Tax | — | — | 18,177 | 18,031 | 18,177 | 18,031 | AA | AA | |||||||||||||||||||||
NM | Univ of NM | — | — | 1,050 | 1,034 | 1,050 | 1,034 | AA | AA | |||||||||||||||||||||
NV | Clark Cnty NV | 2,070 | 2,173 | 3,069 | 3,163 | 5,139 | 5,336 | BBB | BBB | |||||||||||||||||||||
NV | Clark Cnty NV Hwy Imprvmt | — | — | 5,087 | 5,280 | 5,087 | 5,280 | AA | AA | |||||||||||||||||||||
NV | Clark Cnty NV Sch Dist | 52,738 | 54,372 | — | — | 52,738 | 54,372 | AA | AA | |||||||||||||||||||||
NV | Henderson NV | 7,423 | 7,762 | — | — | 7,423 | 7,762 | AA | AA | |||||||||||||||||||||
NV | Henderson NV Hlth Care | — | — | 1,531 | 1,596 | 1,531 | 1,596 | A | A | |||||||||||||||||||||
NV | Las Vegas NV | — | — | 6,273 | 6,456 | 6,273 | 6,456 | A | A | |||||||||||||||||||||
NV | Las Vegas NV Wtr Dist | 1,080 | 1,083 | — | — | 1,080 | 1,083 | AA | AA | |||||||||||||||||||||
NV | NV St Hwy Imprv | — | — | 4,091 | 4,257 | 4,091 | 4,257 | AA | AA | |||||||||||||||||||||
NV | NV State | 13,669 | 14,202 | — | — | 13,669 | 14,202 | AA | AA | |||||||||||||||||||||
NV | Truckee Meadows NV Wtr | — | — | 7,607 | 7,711 | 7,607 | 7,711 | AA | AA | |||||||||||||||||||||
NY | Liberty NY Dev Corp | — | — | 261 | 271 | 261 | 271 | A | A | |||||||||||||||||||||
NY | Long Island Pwr Auth | — | — | 8,952 | 9,250 | 8,952 | 9,250 | A | A | |||||||||||||||||||||
NY | Metropolitan Trans NY | — | — | 14,911 | 15,237 | 14,911 | 15,237 | A | A |
NY | Monroe County NY | 291 | 292 | — | — | 291 | 292 | A | A | |||||||||||||||||||||
NY | NY Metro Trans St | — | — | 21,432 | 22,251 | 21,432 | 22,251 | AA | AAA | |||||||||||||||||||||
NY | NY NYC Hlth & Hosp | — | — | 9,437 | 9,088 | 9,437 | 9,088 | A | AA | |||||||||||||||||||||
NY | NY NYC Indl Dev | — | — | 6,740 | 6,914 | 6,740 | 6,914 | A | A | |||||||||||||||||||||
NY | NY NYC Tr Cultural | — | — | 6,277 | 6,173 | 6,277 | 6,173 | AA | AA | |||||||||||||||||||||
NY | NY NYC Tran | — | — | 9,818 | 10,064 | 9,818 | 10,064 | AA | AA | |||||||||||||||||||||
NY | NY NYC Trans Fin | — | — | 24,854 | 24,917 | 24,854 | 24,917 | AAA | AA | |||||||||||||||||||||
NY | NY NYC Trans Fin Auth | — | — | 19,249 | 20,548 | 19,249 | 20,548 | AAA | AAA | |||||||||||||||||||||
NY | NY NYC Wtr | — | — | 17,009 | 16,908 | 17,009 | 16,908 | AA | AA | |||||||||||||||||||||
NY | NY NYC Wtr Fin Auth | — | — | 15,659 | 15,822 | 15,659 | 15,822 | AA | AA | |||||||||||||||||||||
NY | NY Sales Tax Asset Rec | — | — | 17,689 | 17,722 | 17,689 | 17,722 | AA | AA | |||||||||||||||||||||
NY | NY St Dorm Auth | — | — | 39,822 | 40,740 | 39,822 | 40,740 | AA | AA | |||||||||||||||||||||
NY | NY St Env Fascorp | — | — | 5,307 | 5,474 | 5,307 | 5,474 | AA | AA | |||||||||||||||||||||
NY | NY St Environmental | — | — | 675 | 677 | 675 | 677 | AAA | AAA | |||||||||||||||||||||
NY | NY St Hwy Auth | — | — | 60,653 | 61,979 | 60,653 | 61,979 | AA | AA | |||||||||||||||||||||
NY | NY St Local Asst Corp | — | — | 4,600 | 4,942 | 4,600 | 4,942 | AA | N/A | |||||||||||||||||||||
NY | NY St Twy Auth | — | — | 20,909 | 21,371 | 20,909 | 21,371 | AA | N/A | |||||||||||||||||||||
NY | NY St Urban Dev | — | — | 25,856 | 26,217 | 25,856 | 26,217 | AA | AA | |||||||||||||||||||||
NY | NY State Dorm Auth | — | — | 38,270 | 38,750 | 38,270 | 38,750 | AA | N/A | |||||||||||||||||||||
NY | NYC NY | 90,620 | 93,700 | — | — | 90,620 | 93,700 | AA | AA | |||||||||||||||||||||
NY | Port Auth NY & NJ | — | — | 17,743 | 18,081 | 17,743 | 18,081 | AA | AA | |||||||||||||||||||||
NY | Triborough Brdg | — | — | 26,390 | 27,386 | 26,390 | 27,386 | A | AAA | |||||||||||||||||||||
NY | Triborough Brdg Tunl | — | — | 18,605 | 18,917 | 18,605 | 18,917 | AA | AAA | |||||||||||||||||||||
NY | Troy NY Cap Res | — | — | 543 | 536 | 543 | 536 | A | A | |||||||||||||||||||||
NY | Westchester Cnty NY | 1,851 | 1,846 | — | — | 1,851 | 1,846 | AAA | AAA | |||||||||||||||||||||
OH | Akron Bath Copley OH | — | — | 1,258 | 1,267 | 1,258 | 1,267 | AAA | N/A | |||||||||||||||||||||
OH | Allen Cnty OH Hosp | — | — | 8,406 | 8,536 | 8,406 | 8,536 | AA | A | |||||||||||||||||||||
OH | Cleveland OH | 3,183 | 3,202 | — | — | 3,183 | 3,202 | A | AA | |||||||||||||||||||||
OH | Cleveland Ohio Wtrwks | — | — | 6,598 | 6,758 | 6,598 | 6,758 | AA | AA | |||||||||||||||||||||
OH | Columbus OH | 4,777 | 5,083 | — | — | 4,777 | 5,083 | AAA | AAA | |||||||||||||||||||||
OH | Columbus OH Reg Arpt | — | — | 261 | 272 | 261 | 272 | A | A | |||||||||||||||||||||
OH | Columbus OH Sch | 7,340 | 7,821 | — | — | 7,340 | 7,821 | AA | AA | |||||||||||||||||||||
OH | Cuyahoga CNTY OH | — | — | 750 | 750 | 750 | 750 | AA | AA | |||||||||||||||||||||
OH | Hamilton Cnty OH Sales Tax | — | — | 4,610 | 4,715 | 4,610 | 4,715 | A | A | |||||||||||||||||||||
OH | Lucas Cnty OH Hosp | — | — | 1,025 | 1,026 | 1,025 | 1,026 | A | AA | |||||||||||||||||||||
OH | OH Housing Fin Agy | — | — | 675 | 684 | 675 | 684 | AAA | AAA | |||||||||||||||||||||
OH | OH St Air Quality | — | — | 22,107 | 23,195 | 22,107 | 23,195 | A | A | |||||||||||||||||||||
OH | OH St Bldg Auth | — | — | 8,501 | 8,293 | 8,501 | 8,293 | AA | AA | |||||||||||||||||||||
OH | OH St Ed Facs | 13,098 | 13,681 | 3,063 | 3,185 | 16,161 | 16,866 | BBB | BBB | |||||||||||||||||||||
OH | OH St Hosp Fac Rev | — | — | 802 | 757 | 802 | 757 | AA | AA | |||||||||||||||||||||
OH | OH St Water Dev | — | — | 2,050 | 2,132 | 2,050 | 2,132 | AAA | N/A | |||||||||||||||||||||
OH | OH St Wtr Dev Auth | — | — | 11,875 | 12,271 | 11,875 | 12,271 | AAA | AAA | |||||||||||||||||||||
OH | Olentagy Loc Sch OH | 1,325 | 1,377 | — | — | 1,325 | 1,377 | AA | AA | |||||||||||||||||||||
OK | OK HSG FIN AGY | — | — | 1,502 | 1,547 | 1,502 | 1,547 | AAA | AAA | |||||||||||||||||||||
OK | Tulsa Cnty OK Indl Auth | — | — | 152 | 155 | 152 | 155 | AA | AA | |||||||||||||||||||||
OR | Multnomah Cnty OR Hosp Auth | — | — | 2,152 | 2,146 | 2,152 | 2,146 | AA | AA | |||||||||||||||||||||
OR | OR St Dep Admin Svcs | — | — | 2,689 | 2,728 | 2,689 | 2,728 | AA | AA | |||||||||||||||||||||
OR | OR St Dept Admin | — | — | 5,338 | 5,488 | 5,338 | 5,488 | AA | AA | |||||||||||||||||||||
OR | OR St Dept Admin Svcs Lott | — | — | 4,063 | 4,391 | 4,063 | 4,391 | AA | AA | |||||||||||||||||||||
OR | OR St Dept Trans Hwy | — | — | 2,070 | 2,178 | 2,070 | 2,178 | AA | AA | |||||||||||||||||||||
OR | Portland OR College | 10,204 | 10,585 | — | — | 10,204 | 10,585 | AA | AA | |||||||||||||||||||||
OR | Portland OR Swr | — | — | 57,770 | 61,009 | 57,770 | 61,009 | AA | AA | |||||||||||||||||||||
OR | Salem OR | 1,705 | 1,608 | — | — | 1,705 | 1,608 | AA | AA | |||||||||||||||||||||
OR | Tri-Cnty Met Dist OR | — | — | 5,965 | 6,238 | 5,965 | 6,238 | A | A | |||||||||||||||||||||
PA | Allegheny Cnty PA Hosp | — | — | 5,297 | 5,417 | 5,297 | 5,417 | AA | AA | |||||||||||||||||||||
PA | DE Riv JT Toll Brdg | — | — | 1,057 | 1,103 | 1,057 | 1,103 | A | A | |||||||||||||||||||||
PA | Montgomery Cnty PA Ret | — | — | 1,020 | 1,042 | 1,020 | 1,042 | BBB | N/A | |||||||||||||||||||||
PA | PA St Higer Edl | — | — | 18,207 | 18,956 | 18,207 | 18,956 | AA | AA | |||||||||||||||||||||
PA | PA St Higher Edl | — | — | 2,465 | 2,479 | 2,465 | 2,479 | AA | AA | |||||||||||||||||||||
PA | PA St HSG Fin Agy | — | — | 713 | 721 | 713 | 721 | AA | AA | |||||||||||||||||||||
PA | PA St TPK Cmmn Oil | — | — | 12,824 | 13,528 | 12,824 | 13,528 | A | A | |||||||||||||||||||||
PA | Philadelphia PA Arpt | — | — | 1,013 | 1,044 | 1,013 | 1,044 | AA | A | |||||||||||||||||||||
PA | Philadelphia PA Sch Dist | 25,131 | 24,727 | — | — | 25,131 | 24,727 | AA | BB | |||||||||||||||||||||
PA | Philadelphia PA Schl Dist | 1,027 | 1,030 | — | — | 1,027 | 1,030 | AA | BBB | |||||||||||||||||||||
PA | Philadelphia PA Wtr | — | — | 1,082 | 1,127 | 1,082 | 1,127 | A | A | |||||||||||||||||||||
PA | Swarthmore Boro PA | — | — | 8,030 | 8,350 | 8,030 | 8,350 | AAA | AAA | |||||||||||||||||||||
PA | Twin Valley PA Sch Dist | 2,736 | 2,919 | — | — | 2,736 | 2,919 | AA | A |
PR | Puerto Rico Comwlth Rev | 7,216 | 7,281 | 7,216 | 7,281 | BBB | BBB | |||||||||||||||||||||||
PR | Puerto Rico Comwlth Govt | — | — | 5,960 | 6,120 | 5,960 | 6,120 | BBB | A | |||||||||||||||||||||
PR | Puerto Rico Comwlth Hwy Auth | — | — | 1,051 | 1,051 | 1,051 | 1,051 | BBB | A | |||||||||||||||||||||
PR | Puerto Rico Elec Pwr | — | — | 12,231 | 12,625 | 12,231 | 12,625 | BBB | BBB | |||||||||||||||||||||
PR | Puerto Rico Hsg Fin Auth | — | — | 233 | 247 | 233 | 247 | AA | AA | |||||||||||||||||||||
PR | Puerto Rico Pub Fin Corp | — | — | 3,328 | 3,350 | 3,328 | 3,350 | BBB | BBB | |||||||||||||||||||||
PR | Puerto Rico Sales Tax Fin | — | — | 14,432 | 15,030 | 14,432 | 15,030 | A | A | |||||||||||||||||||||
RI | Central Falls RI | 553 | 553 | — | — | 553 | 553 | CC | N/A | |||||||||||||||||||||
RI | RI Health & Edl | — | — | 1,053 | 1,046 | 1,053 | 1,046 | AA | A | |||||||||||||||||||||
SC | Carolina SC Swr | — | — | 2,277 | 2,407 | 2,277 | 2,407 | AA | AA | |||||||||||||||||||||
SC | Charleston Cnty SC | 1,635 | 1,589 | — | — | 1,635 | 1,589 | AAA | AAA | |||||||||||||||||||||
SC | Greenville Cnty SC Sch | — | — | 19,139 | 20,021 | 19,139 | 20,021 | AA | N/A | |||||||||||||||||||||
SC | Lexington Cnty SC Health | — | — | 405 | 413 | 405 | 413 | A | A | |||||||||||||||||||||
SC | Piedmont Power Agency SC | — | — | 2,330 | 2,433 | 2,330 | 2,433 | BBB | BBB | |||||||||||||||||||||
SC | Richland Cnty SC Sch Dist | 8,326 | 8,390 | — | — | 8,326 | 8,390 | AA | AA | |||||||||||||||||||||
SC | SC Pub SVC Auth | — | — | 25,328 | 26,407 | 25,328 | 26,407 | AA | AA | |||||||||||||||||||||
SC | SC Sumter Two Sch Facs | — | — | 1,043 | 1,038 | 1,043 | 1,038 | AA | A | |||||||||||||||||||||
SC | SC Trns Infr | — | — | 3,729 | 3,802 | 3,729 | 3,802 | A | A | |||||||||||||||||||||
SD | SD Hlth and Edl | — | — | 975 | 1,014 | 975 | 1,014 | A | A | |||||||||||||||||||||
TN | Chattanooga TN | 3,355 | 3,609 | — | — | 3,355 | 3,609 | AA | AA | |||||||||||||||||||||
TN | Elizabethton TN Hlth | — | — | 1,628 | 1,660 | 1,628 | 1,660 | BBB | N/A | |||||||||||||||||||||
TN | Govt Nash & David | — | — | 4,867 | 5,183 | 4,867 | 5,183 | AA | N/A | |||||||||||||||||||||
TN | Memphis Shelby Cnty TN | — | — | 3,196 | 3,281 | 3,196 | 3,281 | BBB | BBB | |||||||||||||||||||||
TN | Memphis Shelby Cnty TN Arpt | — | — | 898 | 914 | 898 | 914 | AA | A | |||||||||||||||||||||
TN | Memphis Shelby TN Sports | — | — | 534 | 531 | 534 | 531 | AA | AA | |||||||||||||||||||||
TN | Memphis TN | 9,631 | 10,333 | — | — | 9,631 | 10,333 | AA | AA | |||||||||||||||||||||
TN | Memphis TN Electr System | — | — | 5,038 | 5,199 | 5,038 | 5,199 | AA | AA | |||||||||||||||||||||
TN | Met Govt Nashville TN | — | — | 2,174 | 2,303 | 2,174 | 2,303 | AA | AA | |||||||||||||||||||||
TN | Metropolitan Govt Nashville TN | 11,442 | 11,815 | — | — | 11,442 | 11,815 | AA | AA | |||||||||||||||||||||
TN | Murfreesboro TN | 1,961 | 1,993 | — | — | 1,961 | 1,993 | AA | AA | |||||||||||||||||||||
TN | Shelby Cnty TN | 25,658 | 27,350 | — | — | 25,658 | 27,350 | AA | AA | |||||||||||||||||||||
TN | TN St Sch BD Auth | — | — | 1,021 | 1,060 | 1,021 | 1,060 | AA | AA | |||||||||||||||||||||
TX | Aldine TX Indpt Sch | 913 | 915 | — | — | 913 | 915 | AAA | AA | |||||||||||||||||||||
TX | Aledo TX Indpt Sch Dist | 1,180 | 1,249 | — | — | 1,180 | 1,249 | AAA | A | |||||||||||||||||||||
TX | Alliance Arpt Auth Inc Tex | — | — | 2,090 | 2,068 | 2,090 | 2,068 | BBB | BBB | |||||||||||||||||||||
TX | Arlinton TX Indpt Sch Dist | 6,714 | 7,064 | — | — | 6,714 | 7,064 | AAA | AA | |||||||||||||||||||||
TX | Austin TX | 3,951 | 4,157 | — | — | 3,951 | 4,157 | AAA | AAA | |||||||||||||||||||||
TX | Austin TX Electric Util Sys | — | — | 1,973 | 2,022 | 1,973 | 2,022 | A | A | |||||||||||||||||||||
TX | Austin TX Indpt Sch Dist | 3,243 | 3,274 | — | — | 3,243 | 3,274 | AAA | AA | |||||||||||||||||||||
TX | Bexar Cnty TX | 2,355 | 2,561 | — | — | 2,355 | 2,561 | AAA | AAA | |||||||||||||||||||||
TX | Canyon TX Indpt | 2,573 | 2,718 | — | — | 2,573 | 2,718 | AAA | A | |||||||||||||||||||||
TX | Carrollton TX Sch Dist | 2,223 | 2,175 | — | — | 2,223 | 2,175 | AAA | AA | |||||||||||||||||||||
TX | Clear Creek TX | 8,964 | 9,275 | — | — | 8,964 | 9,275 | AAA | AA | |||||||||||||||||||||
TX | Cleburne TX | 1,397 | 1,468 | — | — | 1,397 | 1,468 | AA | AA | |||||||||||||||||||||
TX | CO River TX Mun Wtr | — | — | 1,193 | 1,192 | 1,193 | 1,192 | A | A | |||||||||||||||||||||
TX | Conroe TX Sch Dist | 9,973 | 10,120 | — | — | 9,973 | 10,120 | AAA | AA | |||||||||||||||||||||
TX | Corpus Christi Sch Dist | 6,814 | 6,772 | — | — | 6,814 | 6,772 | AA | AA | |||||||||||||||||||||
TX | Cypress TX Indpt Sch | 9,311 | 9,792 | — | — | 9,311 | 9,792 | AAA | AA | |||||||||||||||||||||
TX | Dallas Cnty TX Cmty College | 4,797 | 4,803 | — | — | 4,797 | 4,803 | AAA | AAA | |||||||||||||||||||||
TX | Dallas Fort Worth TX Arp | — | — | 3,365 | 3,414 | 3,365 | 3,414 | A | A | |||||||||||||||||||||
TX | Dallas TX | 31,649 | 31,997 | 10,058 | 10,808 | 41,707 | 42,805 | BBB | BBB | |||||||||||||||||||||
TX | Dallas TX ISD | 11,064 | 10,836 | — | — | 11,064 | 10,836 | AAA | AA | |||||||||||||||||||||
TX | Dallas Tx Wtr Swr Sys | — | — | 25,012 | 26,361 | 25,012 | 26,361 | AA | AA | |||||||||||||||||||||
TX | Deer Park TX Indpt Sch | 1,914 | 2,083 | — | — | 1,914 | 2,083 | AAA | AA | |||||||||||||||||||||
TX | Denton TX Sch Dist | 12,565 | 12,989 | — | — | 12,565 | 12,989 | AAA | AA | |||||||||||||||||||||
TX | Eagle MTN & Saginaw TX Sch Dis | 1,471 | 1,512 | — | — | 1,471 | 1,512 | AAA | AA | |||||||||||||||||||||
TX | Edgewood TX Indpt Sch Dist | 4,527 | 4,923 | — | — | 4,527 | 4,923 | AAA | A | |||||||||||||||||||||
TX | El Paso TX Ind Sch Dist | 1,850 | 1,856 | — | — | 1,850 | 1,856 | AAA | AA | |||||||||||||||||||||
TX | Elgin TX Indpt Sch Dist | 1,054 | 1,075 | — | — | 1,054 | 1,075 | AAA | A | |||||||||||||||||||||
TX | Fort Bend TX Sch Dist | 3,288 | 3,390 | — | — | 3,288 | 3,390 | AAA | AA | |||||||||||||||||||||
TX | Fort Worth TX | 4,622 | 4,615 | — | — | 4,622 | 4,615 | AA | AA | |||||||||||||||||||||
TX | Fort Worth TX Sch Dist | 25,635 | 26,747 | — | — | 25,635 | 26,747 | AAA | AA | |||||||||||||||||||||
TX | Fort Worth TX Wtr Swr | — | — | 18,973 | 19,148 | 18,973 | 19,148 | AA | AA | |||||||||||||||||||||
TX | Frenship TX Sch Dist | 1,213 | 1,279 | — | — | 1,213 | 1,279 | AAA | AA | |||||||||||||||||||||
TX | Frisco TX | 1,952 | 2,047 | — | — | 1,952 | 2,047 | AA | AA | |||||||||||||||||||||
TX | Frisco TX Indp Sch Dist | 1,237 | 1,329 | — | — | 1,237 | 1,329 | AAA | AA | |||||||||||||||||||||
TX | Grand Prairie TX Sch | 23,323 | 23,646 | — | — | 23,323 | 23,646 | AAA | AA |
TX | Harlingen TX ISD | 1,010 | 1,026 | — | — | 1,010 | 1,026 | AAA | AA | |||||||||||||||||||||
TX | Harris Cnty TX | 19,970 | 20,199 | 23,652 | 25,071 | 43,622 | 45,270 | A | A | |||||||||||||||||||||
TX | Harris Cnty TX Ed Fin | — | — | 1,031 | 1,033 | 1,031 | 1,033 | A | A | |||||||||||||||||||||
TX | Harris Cnty TX Hth Fac | — | — | 469 | 492 | 469 | 492 | A | A | |||||||||||||||||||||
TX | Hildalgo Cnty TX | 1,561 | 1,655 | — | — | 1,561 | 1,655 | AA | AA | |||||||||||||||||||||
TX | Houston TX | 14,690 | 14,618 | — | — | 14,690 | 14,618 | AA | AA | |||||||||||||||||||||
TX | Houston TX Ind Sch Dist | 14,824 | 15,367 | — | — | 14,824 | 15,367 | AAA | AA | |||||||||||||||||||||
TX | Houston TX Indpt Sch | 7,003 | 7,177 | — | — | 7,003 | 7,177 | AAA | AA | |||||||||||||||||||||
TX | Houston TX Util Sys | — | — | 37,871 | 38,121 | 37,871 | 38,121 | AA | AA | |||||||||||||||||||||
TX | Houston TX Wtr Swr | — | — | 4,640 | 4,855 | 4,640 | 4,855 | AA | AA | |||||||||||||||||||||
TX | Katy TX Sch Dist | 6,151 | 6,159 | — | — | 6,151 | 6,159 | AAA | AA | |||||||||||||||||||||
TX | Keller TX Indpt Sch Dist | 1,643 | 1,776 | — | — | 1,643 | 1,776 | AAA | AA | |||||||||||||||||||||
TX | Kerrville TX Hlth Dev | — | — | 3,831 | 3,466 | 3,831 | 3,466 | BBB | N/A | |||||||||||||||||||||
TX | Laredo TX Wtr Swr | — | — | 435 | 426 | 435 | 426 | AA | N/A | |||||||||||||||||||||
TX | Lewisville TX Sch Dist | 3,881 | 4,020 | — | — | 3,881 | 4,020 | AAA | AA | |||||||||||||||||||||
TX | Little Elm TX Sch | 2,510 | 2,559 | — | — | 2,510 | 2,559 | AAA | A | |||||||||||||||||||||
TX | Lower Colo Riv Auth TX | — | — | 3,073 | 3,141 | 3,073 | 3,141 | A | A | |||||||||||||||||||||
TX | Lubbock Cnty TX | 2,076 | 2,195 | — | — | 2,076 | 2,195 | AA | AA | |||||||||||||||||||||
TX | Lubbock TX | 2,608 | 2,637 | — | — | 2,608 | 2,637 | AA | AA | |||||||||||||||||||||
TX | Mansfield TX Sch Dist | 3,147 | 3,176 | — | — | 3,147 | 3,176 | AAA | AA | |||||||||||||||||||||
TX | McKinney TX Indpt Sch | 1,522 | 1,568 | — | — | 1,522 | 1,568 | AAA | AA | |||||||||||||||||||||
TX | North East ISD TX | 4,697 | 4,753 | — | — | 4,697 | 4,753 | AAA | AA | |||||||||||||||||||||
TX | Northside TX ISD | 4,010 | 4,242 | — | — | 4,010 | 4,242 | AAA | AA | |||||||||||||||||||||
TX | Pasadena TX Sch Dist | 2,146 | 2,266 | — | — | 2,146 | 2,266 | AAA | AA | |||||||||||||||||||||
TX | Pharr San Juan Alama TX | 2,102 | 2,226 | — | — | 2,102 | 2,226 | AAA | A | |||||||||||||||||||||
TX | Plano TX Indpt Sch Dis | 502 | 503 | — | — | 502 | 503 | AAA | AA | |||||||||||||||||||||
TX | Plano TX Sch Dist | 7,450 | 7,661 | — | — | 7,450 | 7,661 | AAA | AA | |||||||||||||||||||||
TX | Port Houston Auth TX | 1,885 | 1,802 | — | — | 1,885 | 1,802 | AAA | N/A | |||||||||||||||||||||
TX | Port Neches-Groves TX Sch Dist | 1,399 | 1,488 | — | — | 1,399 | 1,488 | AAA | AA | |||||||||||||||||||||
TX | Richardson TX | 3,229 | 3,374 | — | — | 3,229 | 3,374 | AAA | AAA | |||||||||||||||||||||
TX | Round Rock TX Sch Dist | 16,392 | 16,838 | — | — | 16,392 | 16,838 | AAA | AA | |||||||||||||||||||||
TX | San Antonio TX | 29,650 | 29,799 | — | — | 29,650 | 29,799 | AAA | AAA | |||||||||||||||||||||
TX | San Antonio TX Indpt Sch Dis | 13,182 | 14,003 | — | — | 13,182 | 14,003 | AAA | AA | |||||||||||||||||||||
TX | San Antonio TX Util | — | — | 86,124 | 88,654 | 86,124 | 88,654 | AA | AA | |||||||||||||||||||||
TX | Socorro TX Indpt Sch Dist | 2,968 | 3,191 | — | — | 2,968 | 3,191 | AAA | AA | |||||||||||||||||||||
TX | Southwest Higher Ed Auth | — | — | 1,096 | 1,074 | 1,096 | 1,074 | AA | AA | |||||||||||||||||||||
TX | Spring Branch TX Indpt Sch | 448 | 463 | — | — | 448 | 463 | AAA | AA | |||||||||||||||||||||
TX | Tarrant Cnty TX | 1,040 | 1,083 | 2,847 | 2,932 | 3,887 | 4,015 | A | A | |||||||||||||||||||||
TX | Tarrant Regl Wtr Dist TX | — | — | 546 | 542 | 546 | 542 | AA | AA | |||||||||||||||||||||
TX | Travis Cnty TX | 4,446 | 4,293 | — | — | 4,446 | 4,293 | AAA | AAA | |||||||||||||||||||||
TX | TX A&M University | — | — | 43,484 | 45,148 | 43,484 | 45,148 | AA | AAA | |||||||||||||||||||||
TX | TX Mun Gas Acq & Sup | — | — | 923 | 1,039 | 923 | 1,039 | A | A | |||||||||||||||||||||
TX | TX St BAB | 5,375 | 5,474 | — | — | 5,375 | 5,474 | AAA | AAA | |||||||||||||||||||||
TX | TX St Pub Fin Auth | — | — | 11,050 | 11,217 | 11,050 | 11,217 | AA | AA | |||||||||||||||||||||
TX | TX St Transn Comm | — | — | 28,846 | 29,942 | 28,846 | 29,942 | AAA | AAA | |||||||||||||||||||||
TX | TX St Univ Sys | — | — | 5,244 | 5,100 | 5,244 | 5,100 | AA | AA | |||||||||||||||||||||
TX | TX Tech Univ Revs | — | — | 4,405 | 4,544 | 4,405 | 4,544 | AA | AA | |||||||||||||||||||||
TX | Tyler TX Health Facs Dev | — | — | 252 | 258 | 252 | 258 | BBB | BBB | |||||||||||||||||||||
TX | Univ North TX | — | — | 818 | 794 | 818 | 794 | AA | AA | |||||||||||||||||||||
TX | Univ TX | — | — | 30,704 | 31,891 | 30,704 | 31,891 | AAA | AAA | |||||||||||||||||||||
TX | Univ TX Prm Fd | — | — | 28,428 | 29,342 | 28,428 | 29,342 | AAA | AAA | |||||||||||||||||||||
TX | Williamson Cnty TX | 2,042 | 2,105 | — | — | 2,042 | 2,105 | AA | AA | |||||||||||||||||||||
TX | Ysleta TX Sch Dist | 1,145 | 1,237 | — | — | 1,145 | 1,237 | AAA | AA | |||||||||||||||||||||
UT | Intermountain Pwr Agency UT | — | — | 12,669 | 13,293 | 12,669 | 13,293 | A | A | |||||||||||||||||||||
UT | Salt Lake Cnty UT | — | — | 4,576 | 4,600 | 4,576 | 4,600 | AA | AA | |||||||||||||||||||||
UT | UT Hsg Corp Sngl Fmly | — | — | 5,205 | 5,194 | 5,205 | 5,194 | AAA | AAA | |||||||||||||||||||||
UT | UT St Board Regents | — | — | 8,521 | 8,994 | 8,521 | 8,994 | AA | AA | |||||||||||||||||||||
UT | UT State Board Regents | — | — | 268 | 267 | 268 | 267 | AAA | N/A | |||||||||||||||||||||
UT | UT Tran Auth Sales | — | — | 26,768 | 26,583 | 26,768 | 26,583 | AA | AA | |||||||||||||||||||||
VA | Fairfax Cnty VA | 2,376 | 2,390 | — | — | 2,376 | 2,390 | AAA | AAA | |||||||||||||||||||||
VA | Fairfax Cnty VA Dev | — | — | 4,880 | 5,001 | 4,880 | 5,001 | AA | AA | |||||||||||||||||||||
VA | Hampton VA | 3,088 | 3,363 | — | — | 3,088 | 3,363 | AA | AA | |||||||||||||||||||||
VA | Loudon County VA | 2,079 | 2,271 | — | — | 2,079 | 2,271 | AAA | AAA | |||||||||||||||||||||
VA | Louisa VA Solid Waste | — | — | 1,545 | 1,537 | 1,545 | 1,537 | A | N/A | |||||||||||||||||||||
VA | Newport News VA | 3,149 | 3,308 | — | — | 3,149 | 3,308 | AA | AA | |||||||||||||||||||||
VA | Northern VA Dist Rail | — | — | 1,000 | 1,003 | 1,000 | 1,003 | AA | N/A | |||||||||||||||||||||
VA | Suffolk VA | 208 | 227 | — | — | 208 | 227 | AA | AA |
VA | University of VA | — | — | 7,819 | 8,362 | 7,819 | 8,362 | AAA | AAA | |||||||||||||||||||||
VA | VA Clg Bldg Auth | — | — | 19,880 | 20,220 | 19,880 | 20,220 | AA | AA | |||||||||||||||||||||
VA | VA College Bldg Auth | — | — | 4,947 | 5,260 | 4,947 | 5,260 | AA | AA | |||||||||||||||||||||
VA | VA Comwlth Trans Brd | — | — | 219 | 221 | 219 | 221 | AA | AA | |||||||||||||||||||||
VA | VA Port Auth Comwlth | — | — | 1,695 | 1,757 | 1,695 | 1,757 | AA | AA | |||||||||||||||||||||
VA | VA St Hsg Dev Auth | — | — | 3,968 | 4,071 | 3,968 | 4,071 | AAA | AAA | |||||||||||||||||||||
VA | VA St Pub Bldg Auth | — | — | 28,637 | 28,821 | 28,637 | 28,821 | AA | AA | |||||||||||||||||||||
VA | VA St Pub Sch Auth | — | — | 20,807 | 21,242 | 20,807 | 21,242 | AA | AA | |||||||||||||||||||||
VA | VA St Res Auth | — | — | 450 | 463 | 450 | 463 | AAA | AAA | |||||||||||||||||||||
VA | VA St Res Auth Wtr | — | — | 508 | 517 | 508 | 517 | AAA | AAA | |||||||||||||||||||||
VA | Virginia Beach VA | 6,182 | 6,187 | — | — | 6,182 | 6,187 | AAA | AAA | |||||||||||||||||||||
VA | Virginia Beach VA Dev Auth | — | — | 13,242 | 14,147 | 13,242 | 14,147 | AA | AA | |||||||||||||||||||||
VI | Virgin Islands Pub Fin | — | — | 3,179 | 3,237 | 3,179 | 3,237 | BBB | BBB | |||||||||||||||||||||
VT | VT Hsg Fin Agy Fam | — | — | 219 | 216 | 219 | 216 | AA | BBB | |||||||||||||||||||||
WA | Chelan Cnty WA Pub Util | — | — | 1,018 | 1,059 | 1,018 | 1,059 | AA | AA | |||||||||||||||||||||
WA | Clark Cnty WA Sch Dist | 6,416 | 6,738 | — | — | 6,416 | 6,738 | AA | AA | |||||||||||||||||||||
WA | Energy NW WA Elec | — | — | 72,400 | 74,917 | 72,400 | 74,917 | AA | AAA | |||||||||||||||||||||
WA | Grant Cnty WA Pub Util | — | — | 3,613 | 3,629 | 3,613 | 3,629 | AA | AA | |||||||||||||||||||||
WA | King Cnty WA Sch Dist 414 | 14,070 | 14,449 | — | — | 14,070 | 14,449 | AA | AA | |||||||||||||||||||||
WA | King Cnty WA Swr | — | — | 11,044 | 10,570 | 11,044 | 10,570 | AA | AA | |||||||||||||||||||||
WA | Pierce Cnty WA Sch Dist | 29,423 | 30,914 | — | — | 29,423 | 30,914 | AA | AA | |||||||||||||||||||||
WA | Port Seattle WA | — | — | 1,055 | 1,111 | 1,055 | 1,111 | AA | AA | |||||||||||||||||||||
WA | Port Tacoma WA | 1,074 | 1,139 | — | — | 1,074 | 1,139 | AA | AA | |||||||||||||||||||||
WA | Seattle WA | 11,423 | 11,821 | — | — | 11,423 | 11,821 | AA | AA | |||||||||||||||||||||
WA | Seattle WA Water Sys | — | — | 2,933 | 3,140 | 2,933 | 3,140 | AA | AA | |||||||||||||||||||||
WA | Snohomish Cnty WA Sch | 2,046 | 2,127 | — | — | 2,046 | 2,127 | AA | AA | |||||||||||||||||||||
WA | Tacoma WA Elecr Syst | — | — | 6,875 | 7,060 | 6,875 | 7,060 | AA | AA | |||||||||||||||||||||
WA | Univ PL WA | 1,000 | 1,084 | — | — | 1,000 | 1,084 | A | A | |||||||||||||||||||||
WA | WA Health Care Auth | — | — | 6,501 | 6,376 | 6,501 | 6,376 | A | N/A | |||||||||||||||||||||
WA | WA St Eco Dev | — | — | 1,526 | 1,584 | 1,526 | 1,584 | AA | AA | |||||||||||||||||||||
WA | WA St Fin Comm | — | — | 2,684 | 2,805 | 2,684 | 2,805 | AAA | AAA | |||||||||||||||||||||
WI | Milwaukee Cnty WI Arpt | — | — | 4,135 | 3,939 | 4,135 | 3,939 | A | A | |||||||||||||||||||||
WI | WI St Clean Wtr | — | — | 7,919 | 8,208 | 7,919 | 8,208 | AA | AA | |||||||||||||||||||||
WI | WI St Gen Rev | — | — | 7,184 | 7,387 | 7,184 | 7,387 | AA | AA | |||||||||||||||||||||
WI | WI St Hlth and Edl | — | — | 6,735 | 6,827 | 6,735 | 6,827 | AA | N/A | |||||||||||||||||||||
WI | WI St Petro | — | — | 22,243 | 22,423 | 22,243 | 22,423 | AA | AA | |||||||||||||||||||||
WI | WI Transportation | — | — | 23,092 | 23,166 | 23,092 | 23,166 | AA | AA | |||||||||||||||||||||
WV | WV Commr of Hwy | — | — | 515 | 545 | 515 | 545 | AA | AA | |||||||||||||||||||||
WV | WV Higher Ed | — | — | 1,032 | 1,096 | 1,032 | 1,096 | A | A | |||||||||||||||||||||
WV | WV St Sch Bldg | — | — | 5,908 | 6,029 | 5,908 | 6,029 | AA | AA | |||||||||||||||||||||
WY | Converse Cnty WY | — | — | 1,688 | 1,766 | 1,688 | 1,766 | A | N/A | |||||||||||||||||||||
Grand Total Municipal Bonds | 1,295,618 | 1,330,220 | 3,739,050 | 3,825,223 | 5,034,668 | 5,155,443 | ||||||||||||||||||||||||
6,021,302 | (a) | 6,162,748 |
(a) | Rounded to $6,022 million in 2010 Form 10-K |