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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.


  • 27 Jul 2016
    • Improving creditworthiness more difficult for Housing Associations
      While the creditworthiness of Family Mosaic and Devon & Cornwall Housing was previously improving, both English Housing Associations (HAs) now face greater challenges in building up their credit strength as a result of adverse policy changes in 2015, and economic uncertainy after the Brexit vote... Full Report
  • 29 Jun 2016
    • UK Public Sector: Public Sector Issuers Face Negative Impact from UK Vote for EU Exit
      We have downgraded the ratings of various UK sub-sovereign entities financially reliant on the UK central government in the wake of the UK’s vote to leave the European union. ... Full Report
  • 15 Jun 2016
    • Stabilization benefit of property taxes for Chinese RLGs will take time to materialize
      The introduction of property taxes by Chinese regional and local governments (RLGs) to replicate the revenue stability of local governments in more mature economies, is unlikely to achieve such an aim over at least the next 2-3 years. Pilot programs launched in 2011 in Shanghai and Chongqing have been unsuccessful, mainly because the lack of an accurate property registration system resulted in uneven enforcement and collection…Press Release l Full Report
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