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U.S. Public Finance

Research and analysis on 90% of public debt issued by state and local governments, hospitals, higher education institutions and other tax-exempt entities. 


  • 25 Apr 2019
    • US not-for-profit hospital profitability holds steady after several years of declines
      Hospitals saw revenue growth edge ahead of expenses as a result of steady patient volumes, revenue cycle improvements and M&A, as well as cost-cutting initiatives and smaller drug price increases.   Press Release l Full Report
  • 16 Apr 2019
    • MuniMonitor focuses on credit implications across US public finance sectors
      The latest edition of our newsletter focuses on topics including some states' reliance on top earners, risks of high pension investment return targets, New York's upcoming traffic congestion charge, and cyber risk in Alaska and an Idaho school district.  Full Report
  • 11 Apr 2019
    • Pensions and retiree healthcare costs are a growing risk for some US mass transit enterprises
      Mass transit enterprises with material unfunded retirement liabilities face budget challenges stemming from rapidly rising employee benefit costs. These can constrain capital reinvestment, add to rising debt loads, and lower service levels. Press Release l Full Report ​​
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