ISIN: US887127WF13

Name of Issuer: Timber Lane Utility District, Texas

Sector: Municipal Agency

Country of Domicile: United States

Notes: Municipal Name: Timber Lane Utility District, Texas CUSIP: 887127WF1 Currency: USD Timber Lane Utility District, Texas announced today that the Moody?s Investors Service has downgraded the financial strength ratings of the Series 2016, Unlimited Tax Bonds from A3 to Baa2 on January 17, 2018.

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• Action Type: Rating Downgrade
• Announcement Date: 30-Jan-2018
• Effective Date: 17-Jan-2018
• Issue Currency: USD
• Maturity Date: 2040
• Issue Date: *****
• Amount Outstanding: *****
• Coupon Type: Fixed

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