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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.


  • 13 Sep 2018
    • Probability of a 'no-deal' Brexit has risen and would be credit negative for a range of issuers
      If the UK were to exit the EU without an agreement to preserve many of the current trading arrangements - a "no-deal" Brexit - the UK economy, UK-based issuers in various sectors, and the economies of certain EU member states would face significant credit challenges.  Full Report​​​
  • 6 Sep 2018
    • Credit impact of typhoon damage to Kansai transport assets offset by government support
      Typhoon Jebi's extensive damage to Kansai's airport and related transport infrastructure will lead to revenue losses and high repair costs, but government support will offset any negative credit impact​. Full Report ​ ​
  • 28 Aug 2018
    • 2018 handbook presents statistics underlying our credit risk analysis of non-US sub-national governments
      Our annual statistical handbook is a compendium of the quantitative indicators and ratios we use to assess the creditworthiness of non-US regional and local governments.  Full Report
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