Fitch Ratings Reviews Exposure Draft Feedback for USPF Dedicated Tax and Revenue Bond Criteria

Fitch Ratings-New York/San Francisco-07 April 2026: Fitch Ratings is in the process of finalizing its U.S. Public Finance Dedicated Tax and Revenue Bond Rating Criteria. We plan to publish the final criteria by the end of the first half of 2026.

Fitch published the exposure draft on Jan. 8, 2026, and the feedback period ended on Feb. 15, 2026. The exposure draft outlines Fitch’s methodology for assigning new and monitoring existing ratings on dedicated tax and revenue bonds (DTRBs) issued by, or on behalf of U.S. state and local governments and territories.

The report, “Exposure Draft: U.S. Public Finance Dedicated Tax and Revenue Bond Rating Criteria,” is available at www.fitchratings.com



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