US State Oversight Is Often Credit Positive for Distressed Local Governments, but No Guarantee Against Default - Moody's Global Credit Research

US State Oversight Is Often Credit Positive for Distressed Local Governments, but No Guarantee Against Default

US State Oversight Is Often Credit Positive for Distressed Local Governments, but No Guarantee Against Default - Moody's Global Credit Research
US State Oversight Is Often Credit Positive for Distressed Local Governments, but No Guarantee Against Default
Published Sep 15, 2013
38 pages (18526 words) — Published Sep 15, 2013
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...We have conducted an independent, comprehensive survey of the oversight, support powers and track record of each US state in order to systematize the way we incorporate state involvement into rating financially distressed local governments. This research is part of a series of reports about the institutional and legal framework in which local governments operate. It builds on our earlier reports, "Key Credit Considerations for Municipal Governments in Bankruptcy" from February 2012 and "State Oversight of Distressed Local Governments Varies Widely," published in February, 2011. While the latter report illustrated the different approaches to oversight of eight states, in this Special Comment we review all 50 states....

  
Report Type:

Special Comment

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "US State Oversight Is Often Credit Positive for Distressed Local Governments, but No Guarantee Against Default" Sep 15, 2013. Alacra Store. Nov 14, 2018. <http://www.alacrastore.com/moodys-credit-research/US-State-Oversight-Is-Often-Credit-Positive-for-Distressed-Local-Governments-but-No-Guarantee-Against-Default-PBM_PBM153597>
  
APA:
Moody's Global Credit Research. (). US State Oversight Is Often Credit Positive for Distressed Local Governments, but No Guarantee Against Default Sep 15, 2013. New York, NY: Alacra Store. Retrieved Nov 14, 2018 from <http://www.alacrastore.com/moodys-credit-research/US-State-Oversight-Is-Often-Credit-Positive-for-Distressed-Local-Governments-but-No-Guarantee-Against-Default-PBM_PBM153597>
  
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