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KBRA Releases Report: Federal Shutdown Opens the Door to Greater Fiscal Risk for Municipalities

January 9, 2019

NEW YORK--(BUSINESS WIRE)--Jan 9, 2019--Kroll Bond Rating Agency (KBRA) releases the Federal Shutdown Opens the Door to Greater Fiscal Risk for Municipalities report. As the federal shutdown enters its third week and media reports suggest negotiations have not yet yielded significant progress, U.S. states, cities, school districts, and other local municipalities will have to cope with the fallout.

The full impact of the shutdown will depend on many factors, but the longer the shutdown persists, the greater potential credit implications for states and municipalities. KBRA will continue to monitor the impact of the federal government shutdown on the states, cities, municipalities, and school districts rated by KBRA.

To view the full report, click .

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005850/en/

CONTACT: Analytical:

William Cox, Managing Director

(646) 731-2472

wcox@kbra.com

Peter Giacone, Senior Director

(646) 731-2407

pgiacone@kbra.com

Jack Morrison, Associate Director

(646) 731-2410

jmorrison@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE

SOURCE: Kroll Bond Rating Agency (KBRA)

Copyright Business Wire 2019.

PUB: 01/09/2019 04:33 PM/DISC: 01/09/2019 04:33 PM

http://www.businesswire.com/news/home/20190109005850/en

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