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U.S. Public Finance Report Card: The Largest U.S. Cities Feb 03 Product Image

U.S. Public Finance Report Card: The Largest U.S. Cities Feb 03

  • Published: February 2003
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Atlanta
  • Chicago
  • Detroit
  • Houston
  • Los Angeles
  • Philadelphia
  • MORE

Abstract
Much has been written about the plight of states in the current economic slowdown. The slow pace of economic recovery and weakness in the stock market continue to place enormous fiscal pressure on U.S. states. But how has the economic slowdown affected America's largest cities- Compared to states, which experienced weakened credit quality over the past 12-18 months, municipal ratings have tended to be more stable. While only one downgrade has occurred (Atlanta, from 'AA' to 'AA-'/Negative) since January 2002 among the largest cities, two cities, New York ('A') and Dallas ('AAA'), had their ratings affirmed but their outlooks changed to negative from stable. The stability of city ratings and outlooks compared to states is due primarily to: Most cities'...

Companies mentioned in this report are:
- San Jose
- Phoenix
- Los Angeles
- Boston
- New York City
- Detroit
- San Antonio
- Dallas
- Houston
- Philadelphia
- Indianapolis
- Atlanta
- Chicago
- District of Columbia

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, READ MORE >

- San Jose
- Phoenix
- Los Angeles
- Boston
- New York City
- Detroit
- San Antonio
- Dallas
- Houston
- Philadelphia
- Indianapolis
- Atlanta
- Chicago
- District of Columbia

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