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Sub-Sovereign

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Credit ratings, research and analysis on regional and local governments as well as on a wide array of public-sector entities with specialized mandates in both the developed and emerging markets, including mass transportation, health care, water systems, social housing, higher education, and charity trusts.

Highlights

  • 16 Jul 2018
    • Growing population is positive for City of Moscow, challenging for the surrounding region
      Population growth will boost the City of Moscow's personal tax receipts and any related spending pressures will be limited given that around half of this new workforce will settle outside the city. Instead, the Oblast of Moscow will face these welfare spending pressures, limiting its ability to spend more on infrastructure and making its finances more vulnerable.  Full Report​​ ​
  • 12 Jul 2018
    • Argentine provinces will continue to face challenges despite new tighter fiscal regulations
      Increased salary costs and higher debt charges will continue to weigh on the economic performance of provincial governments in Argentina over the next two years, despite the approval in 2018 of a new, more rigorous, fiscal responsibility law. Full Report
  • 3 Jul 2018
    • Funding long-term care for the elderly exerts increasing credit pressure on European RLGs
      There are significant variations in the credit pressures facing European regional and local governments in relation to the funding of long-term care for older people, with Spain and the UK the most exposed to negative pressures.  Full Report
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