Fitch Ratings-New York-04 May 2021: Fitch Ratings has published the following report: “U.S. Public Finance Tax-Supported Rating Criteria.” It updates and replaces the prior report published on March 27, 2020. The key criteria elements remain consistent with those of the prior report, and the limited changes to the report will have no impact on outstanding ratings. Previous versions of the criteria have been retired.
Changes include addition of a forward-looking metric to enhance the evaluation of the impact of carrying costs on expenditure flexibility, additional guidance about rating through periods of economic stress and incorporating the use of GDP as an alternative to personal income in the evaluation of a state’s long-term liability burden when appropriate.
The full report is available at www.fitchratings.com.
Contact:
Amy Laskey
Managing Director
+1 212 908-0568
Fitch Ratings, Inc.
300 West 57th Street
New York, NY 10019
Eric Kim
Senior Director
+1 212 908-0241
Michael Rinaldi
Senior Director
+1 212-908-0833
Media Relations: Sandro Scenga, New York, Tel: +1 212 908 0278, Email: [email protected]
Additional information is available on www.fitchratings.com