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    U.S. Public Finance

    Today’s municipal market is increasingly complex and challenging. We understand that to make decisions with confidence, you want new insights about credit risk. Whether you are an issuer, intermediary or investor, you need information about this risk that’s based on in-depth market knowledge, forward-looking analyses and transparent criteria. And that’s where our insight is essential.

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    U.S. CDFIs Still Steady Amid Funding And Economic Uncertainty

    S&P Global Ratings maintains 15 issuer credit ratings (ICRs) on U.S. CDFIs, defined as mission-driven lenders that provide financing for communities underserved by conventional lenders. The rating outlooks for 13 of these entities are stable, with Housing Trust Silicon Valley and NeighborWorks Capital both on positive outlooks given the likelihood of potential upward movement in the next two years. 

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    U.S. Transportation Infrastructure Transit Update: Operators And Stakeholders Confront "What's Fare?"

    The U.S. mass transit sector outlook remains stable, underpinned by supportive dedicated tax revenue growth -- often exceeding drops in fare revenue -- combined with operators’ proactive adjustments to service levels and expenses that have helped restore fiscal balance in operating funds.  This stabilizing credit trend is largely attributable to robust tax support and a historical trend of political support, demonstrated through both revenue growth and ongoing financial commitments from regional stakeholders.

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