As government revenues grow, US state and local government sectors have stable outlooks, as do the state housing finance agencies, independent schools, ports, public power agencies and toll roads. According to our report on outlooks for municipal market sectors, only three principal sectors have non-stable outlooks. Not-for-profit healthcare has a negative outlook as cash flows settle into low growth, higher education remains negative as it confronts slow tuition growth, while the airport sector is positive as air passenger numbers increase…
18 Dec 2014