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A Sharper Divide May Emerge Between Strong And Weak U.S. State And Local Government Credits In 2012 Jan 12
Standard & Poors, Jan 2012
Abstract
SAN FRANCISCO (Standard & Poor's) Jan. 25, 2012-Standard & Poor's Rating Services believes that financial management decisions will be a major factor in determining the credit quality of U.S. state and local governments in 2012, according to a report published today on RatingsDirect on the Global Credit Portal. The report, titled 'In 2012, U.S. State And Local Governments Confront Fundamental Questions To Balance Long-Term Budgets,' says that this is the case because most governments start the year with far fewer resources than they have in the recent past. The report also discusses the role that liquidity continues to play in governments' abilities to manage declining revenues and that a greater divergence between strong and weaker credits may emerge in 2012....
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.
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