Bangkok--22 Nov--Standard & Poor's
The ability of U.S. state and local governments to adjust to any fiscal consolidation at the federal level will determine the credit impact on the sector, according to a report published today on RatingsDirect on the Global Credit Portal. The report, "A Look At U.S. State And Local Governments As Joint Committee Deadline Nears," discusses how the federal government, federal transfer payments to individuals, and grants to state and local governments affect credit quality throughout the state and local government sector.
The report is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to
[email protected]. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Media Contact:
Ola Fadahunsi, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Robin Prunty, New York (1) 212-438-2081
Gabriel Petek, San Francisco (1) 415-371-5042
Steven J Murphy, New York (1) 212-438-2066