M

Michigan Finance Authority

School District· MI· Unclaimed profile
Outstanding—
RatingsAa3 Moody's · AA- S&P · AA- Fitch
Compiled filing11/2/2026
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Bonds issued for Schools & education

Credit ratings

agency-stated
Moody's
Aa3
270 rated securities · insured
S&P
AA-
261 rated securities · insured
Fitch
AA-
247 rated securities · insured
Ratings by reconciled issuer credit
CreditAgencyRatingParCUSIPs
Tobacco Settlement $7.2B
Tobacco Settlement $7.2B S&P BBB $275.0M 1
BBBB+ $188.6M 3
CCC- $155.7M 1
A- $149.0M 8
A $63.4M 7
Health Care $6.8B
Health Care $6.8B Moody's Aa3 $4.1B 101
A1 $989.0M 42
A2 $971.5M 17
S&P AA- $2.8B 81
AA $970.6M 17
AA/A-1+ $98.2M 1
AA-/A-1+ $65.1M 1
A+ $35.6M 10
Fitch AA- $4.4B 140
BB $24.5M 3
Local Government Loan Program $744.5M
Local Government Loan Program $744.5M Moody's Aa3 $89.4M 1
Aa2 $7.1M 2
S&P AA- $543.5M 87
AA $68.7M 14
A+ $620K 1
Fitch A- $76.9M 9
Clean Water SRF $271.0M
Clean Water SRF $271.0M Moody's Aaa $36.4M 15
S&P AAA $226.2M 22
Fitch AAA $271.0M 38
Distributable State Aid - Sen $259.3M
Distributable State Aid - Sen $259.3M Moody's Aa2 $259.3M 14
School Loan SRF $254.4M
School Loan SRF $254.4M Moody's Aa2 $254.4M 7
S&P AA+ $253.4M 6
SRF $244.9M
SRF $244.9M Moody's Aaa $147.0M 10
AAA $11.2M 1
Fitch AAA $73.7M 8
Distributable State Aid - Sub $238.3M
Distributable State Aid - Sub $238.3M Moody's Aa2 $151.6M 16
Aa3 $86.8M 2
S&P AA $50.0M 1
Drinking Water SRF $217.6M
Drinking Water SRF $217.6M Moody's Aaa $182.9M 39
AAA $11.8M 3
Fitch AAA $217.6M 49

Maturity profile

par maturing by year

Recent activity

rating actions & filings
Other Financial / Operating Data filed
11/2/2026 · Other Financial / Operating Data: Monthly Construction Report
Continuing disclosure filed
11/2/2026 · Quarterly / Monthly Financial Information
Continuing disclosure filed
10/29/2026 · Quarterly / Monthly Financial Information
Audited Financial Statements or ACFR filed
10/28/2026 · Audited Financial Statements or ACFR: Audited Financial Stateme…
Annual Financial Information and Operating Data filed
10/27/2026 · Annual Financial Information and Operating Data: Auditor s Cert…
Continuing disclosure filed
10/26/2026 · Quarterly / Monthly Financial Information
In context
Among the largest MI issuers by debt outstanding · #1 of 1452

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