Summary of Credit Rating Upgrades for Lamont’s Clients
1994-2009

Issuer/Program

Years

Previous Rating(s)*

New Rating(s)*

State of Connecticut Special Capital Reserve Fund

2007

A1 (Moody’s)

Aa3 (Moody’s)

City of Lodi, California
Electric System Revenue Bonds

2007

Ba/BBB-/BBB-

Baa/BBB/BBB

New York City
Municipal Water Finance Authority

2004

Aa2/AA/AA

Aa2/AA+/AA

Capital City Economic Development Authority

2004

NR/NR

AA/AA-

Pennsylvania Infrastructure Investment Authority

2003

Aaa/NR/AAA

Aaa/AAA/AAA

California Consumer Power and Conservation                     Financing Authority  (Energy Revolving Fund)

2003

N/A

Aa3/NR/NR

Massachusetts Water Pollution Abatement Trust

2002
1998
1996

Aa3/AA+/AA
Aa2/A+/AA+
Aa/AA-/AA

Aaa/AAA/AAA
Aa1/AA/AAA
Aa3/AA+/AA

Illinois Development Finance Authority
(Illinois State Revolving Fund Program)

2002

N/A

Aaa/NR/AAA

California Infrastructure and Economic Development Bank (California State Revolving Fund Program)

2002

N/A

Aaa/AAA/AAA

Iowa Finance Authority

2001

Aaa/A+/AAA

Aaa/AAA/AAA

Connecticut Housing Finance Authority

2001

Aa2/AA/NR

Aaa/AAA/NR

Missouri State Environmental
Improvement and Energy Resources Authority

2000
1997

Aa/NR/AAA
Aa2/NR/NR

Aaa/NR/AAA
Aa1/NR/AAA

Massachusetts Water Resources Authority

2000

A1/A+/A+

Aa3/AA/AA-

New York State Environmental Facilities Corporation
NYCMWFA Project (2nd Resolution)

1998

Aa2/A-/AA

Aa2/A+/AA+

New York State Environmental Facilities Corporation NYCMWFA (1st Resolution)

1998

Aa2/A/AA

Aa2/AA-/AA+

State of Connecticut Clean Water Fund

1997

Aaa/AA+/AAA

Aaa/AAA/AAA

State of Connecticut Clean Water Fund
Subordinate Lien

1997

Aa/AA-/AAA

Aa/AA/AAA

Massachusetts Water Pollution Abatement
Trust Pool Loan Program

1997

Aa1/AAA/AA+

Aaa/AAA/AAA

State of Connecticut Clean Water Fund

1996

Aa/AA+/AA

Aaa/AA+/AAA

State of Connecticut Special Tax Obligation Program

1996

Negative Outlook
(S&P)

Negative Outlook
Removed

State of Connecticut Unemployment Revenue Bonds

1996

A1/A+/A+

A1/A+/AA-

New York State Environmental Facilities Corporation

1995

AA/Aa/AA

AAA/Aaa/AAA

City of West Haven Connecticut

1994

Ba/BB/NR

Baa/BBB/NR