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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 May 2018
    • Denmark’s digital strategy boosts local economic growth, cuts spending, a credit positive
      Denmark's long-term programme to shift the provision of municipal services onto digital platforms is credit positive for regional and local governments because it achieves greater efficiencies, reduces reliance on state transfers and contains spending growth.  Full Report​​
  • 15 May 2018
    • Stable financial performance of UK universities in 2017 clouded by policy and Brexit uncertainty
      Although UK universities are facing significant uncertainty because of domestic policy volatility, the impact of Brexit and higher cost pressures, the financial performance of universities rated by Moody's was stable in 2017.  Full Report​​
  • 10 May 2018
    • Funding gap continues to weigh on creditworthiness of China's regional and local governments
      While China's central government has taken steps to restrict RLGs from borrowing through state-owned enterprises, the ongoing gap between financing needs and revenue sources will continue to drive RLGs towards using alternative financing mechanisms.  Full Report
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