Federal Fiscal Policy Discord Could Undermine The Economic And Budgetary Environment For States - S&P Global Ratings’ Credit Research

Federal Fiscal Policy Discord Could Undermine The Economic And Budgetary Environment For States

Federal Fiscal Policy Discord Could Undermine The Economic And Budgetary Environment For States - S&P Global Ratings’ Credit Research
Federal Fiscal Policy Discord Could Undermine The Economic And Budgetary Environment For States
Published Sep 14, 2015
Published Sep 14, 2015
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About This Report

  
Abstract:

After a roughly two-year reprieve, U.S. state governments need to brace for the possibility of another federal government shutdown, Standard&Poor's Ratings Services believes. In addition, federal spending caps are scheduled to ratchet down again beginning in federal fiscal year 2016 (October 1). As we understand it, avoiding a shutdown may require that Congress and the President reach agreement on changes to the spending caps, no easy task given their stated policy positions. It's not a foregone conclusion, but we believe the state sector may be in for another episode of tumultuous federal fiscal negotiations, including the possibility of a short-term federal government shutdown. In our view, most states can likely maintain their current rating levels with the slower

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Federal Fiscal Policy Discord Could Undermine The Economic And Budgetary Environment For States" Sep 14, 2015. Alacra Store. Sep 25, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Federal-Fiscal-Policy-Discord-Could-Undermine-The-Economic-And-Budgetary-Environment-For-States-1451180>
  
APA:
S&P Global Ratings’ Credit Research. (). Federal Fiscal Policy Discord Could Undermine The Economic And Budgetary Environment For States Sep 14, 2015. New York, NY: Alacra Store. Retrieved Sep 25, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Federal-Fiscal-Policy-Discord-Could-Undermine-The-Economic-And-Budgetary-Environment-For-States-1451180>
  
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