...NEW YORK (S&P Global Ratings) March 8, 2019--S&P Global Ratings considers Pennsylvania's overall economy strong and diverse with major metropolitan statistical areas (MSAs) such as Philadelphia and Pittsburgh, but the state does have a weak demographic profile compared with the rest of the country. According to a new report titled, "Medians And Credit Factors: Pennsylvania Counties, Municipalities, And School Districts" (published March 8, 2019, on RatingsDirect), economic growth in the commonwealth is still projected to be slower than the nation, given its aging population and lack of population growth. "This will continue to cause economic challenges and create potential for weaker tax revenue growth, so prudent budget management by local governments and school districts will be key to maintaining credit quality," said S&P Global Ratings credit analyst Moreen Skyers-Gibbs. Throughout the commonwealth, persistent problems from weak demographics and slow revenue growth continue to plague...
