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    istock-financial-institutions

    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. Public Finance Credit Ratings Are Typically Resilient To A Federal Government Shutdown

    Historically, partial government shutdowns were typically averted through bipartisan negotiation. Federal government funding extensions have resulted in the passage of a continuing resolution (CR), individual appropriation bills, or some combination. However, heightened discord across party lines regarding some of the Trump administration's spending initiatives could challenge timely passage of a stop-gap funding measure. Because each shutdown is different in terms of which departments are deemed essential, and because usually some functionality remains, we will analyze potential credit impacts once shutdown details are clear.

    View Full Report
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    cm_Academic_medical _centers_April_2025

    Academic Medical Centers And The Intersection Of U.S. Not-For-Profit Higher Education And Acute Health Care

    The U.S. not-for-profit health care and higher education sectors overlap and intersect, in particular, in many academic medical centers (AMCs).

    AMCs' exposure to regulatory and legislative adjustments could increase their risk in the next couple of years, with both universities and acute health care providers facing uncertainty around evolving federal policies.

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