S&P: To Preserve Credit Quality, U.S State And Local Governments Face Hard Choices

To Preserve Credit Quality, U.S State And Local Governments Face Hard Choices (00:09:11 min)

Standard & Poor’s expects U.S. state and local governments to maintain medium to high investment-grade ratings in 2011. However, difficult economic and revenue conditions could result in severe budget conditions, requiring tough choices by government officials. In this CreditMatters TV segment, Standard & Poor’s Managing Director Steve Murphy and Director Gabe Petek discuss the dynamics shaping the municipal markets, how the U.S. economy could affect state and local governments, state budget decisions, and pensions.

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