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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.


  • 22 Jun 2020
    • Outlook on Oblast of Moscow's rating changed to stable from positive
      The economic shock from the pandemic will lower Moscow’s revenues, weaken its operating performance, and push up its deficits and debt metrics in 2020. The Oblast's financial position will therefore not improve as quickly as we had previously anticipated. Full Report
  • 11 Jun 2020
    • COVID-related disruptions further strained the finances of Chinese provinces in Q1 2020
      This year's sharp slowdown in GDP growth will push up Chinese provinces’ debt burdens over the short to medium term.   Full Report
  • 4 Jun 2020
    • Pandemic exacerbates Argentine RLGs’ challenges linked to forex debt service and spending
      The pandemic will exacerbate Argentina’s economic downturn, sharply reducing tax revenue at the regional and local government (RLG) level and exacerbating existing credit challenges.   Full Report
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