from
S&P Credit Research3019 word report
published Apr 14, 2009
Price
$500.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | The ability to tax property is among the simplest and most universal powers of local governments. For decades, governments have pledged this authority as security for trillions of dollars of municipal debt, a practice that continues today. With government revenues hit hard by still-falling home prices in many parts of the U.S., what are the implications for municipal debtholders? Despite a much-weaker housing market, Standard&Poor's Ratings Services believes that many municipal government managers and elected officials will likely be able to balance budgets and maintain strong credit quality, although doing so may require considerable discipline and a willingness to make tough choices. Many of these municipal bond issuers may, however, have to draw down on their reserves and
|
| Brief Excerpt: | RESEARCH Ratings Definitions Local Governments Prove Resilient In Weathering The Housing Slump Publication date: 14-Apr-2009 Primary Credit Analyst: Ian Carroll, San Francisco (1) 415-371-5060; ian_carroll@standardandpoors.com Secondary...
|
| Report Type: | Commentary
|
| Sector: | Global Issuers, Public Finance
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
