• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Report On U.S. State Budgets Says Belt-Tightening Isn't Over Jan 12 Product Image

Report On U.S. State Budgets Says Belt-Tightening Isn't Over Jan 12

  • ID: 2038826
  • January 2012
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Alabama
  • Florida
  • Kentucky
  • Missouri
  • North Carolina
  • Tennessee
  • MORE

Abstract
NEW YORK (Standard & Poor's) Jan. 5, 2012-- Although the Great Recession is long over, it appears that austerity is here to stay for U.S. states, Standard & Poor's Ratings Services says in a report, "For U.S. State Budgets, Austerity Is Here To Stay," published today. "Despite a steady pace of economic recovery for most states through the first two quarters of fiscal 2012, we believe that economic prospects and federal fiscal consolidation present significant uncertainty that could translate into continued budget austerity," the report says. "Most governments have transitioned to a post-federal stimulus environment by making what we consider to be very difficult spending and revenue adjustments. This focus on budget alignment has translated to relative credit stability for...

Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown

- Virginia
- Utah
- Texas
- Tennessee
- South Carolina
- Rhode Island & Providence Plantations
- Pennsylvania
- Oregon
- Oklahoma
- Ohio
- North Carolina
- New York State
- New Mexico
- New Jersey
- Nevada
- Montana
- Missouri
- Mississippi
- Minnesota
- Michigan
- Massachusetts
- Maryland
- Maine
- Louisiana
- Kentucky
- Illinois
- Idaho
- Hawaii
- Georgia
- Florida
- Colorado
- California
- Alaska
- Alabama
- Arizona
- Arkansas
- Indiana
- Iowa
- Kansas
- Nebraska
- New Hampshire
- North Dakota
- South Dakota
- Vermont
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Delaware
- Connecticut

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS