Texas: Growth Underpins Strong Credit Quality for the State and Locals, but Challenges are Brewing
The webinar will discuss the credit landscape of the State of Texas and its local governments highlighting both the benefits and challenges of strong economic growth.
Texas’ state and local government credit quality continues to benefit from job creation and population growth. Ongoing housing affordability, an educated workforce and strong natural resources have driven healthy revenue performance. Population growth and heat dome effects on Texas have resulted in historically high ERCOT utilization and reliability enhancements will be essential to address rising demand and an evolving fuel mix with more renewables. Recent legislative changes will impact the State and school district long term operating environment credit profile. In addition, commercial real estate values in the metropolitan areas will be impacted in our evolving workforce landscape.
- Update of the state credit position
- Local government credit trends and commercial real estate trends
- State Funding Impacts on Public K-12
- The Impact of the Heat Dome on Texas power
- Environmental, Social, and Governance (ESG) in Texas
-
SpeakersGrayson Nichols Vice President - Senior Analyst Moody's Ratings
Nick Samuels Senior Vice President Moody's Ratings
Heather O’Malley (Guss) Vice President-Senior Analyst Moody’s Ratings
Julie Meyer Assistant Vice President - Analyst Moody’s Ratings
Darrell Wheeler Senior Vice President – Head of CMBS Research Moody's Ratings
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Grayson Nichols is a Vice President/Senior Analyst for the Dallas Local Governments Ratings Team covering credits primarily in Colorado and Texas. Grayson is also a member of Moody’s pension task force. Prior to joining Moody’s, Grayson was a commercial credit analyst in the banking industry. Grayson holds an MBA from Colorado State University and a BBA in Finance and Entrepreneurship from Baylor University.
Nick Samuels is a Senior Vice President for the States and High Profile Ratings Team covering credits for the state of Texas, New York City, and the District of Columbia.
Prior to joining Moody’s, Nick worked for the National Association of State Budget Officers analyzing state fiscal and expenditure trends. Nick holds a BA degree in government from Skidmore College and a Master’s in Public Administration from the George Washington University.
Heather O’Malley (Guss) is a Vice President, Senior Analyst for credits primarily in Kansas and Texas and lead for the Texas K-12 sector.
Prior to joining Moody’s, Heather was an Analyst for Public Financial Management, Inc. in Atlanta. Heather holds an MBA from the University of Florida and a BS in Business Administration-Finance.
Julie Meyer covers a diverse portfolio of infrastructure issuers in public power and transportation, including airports, toll roads, and seaports as well as project finance issuers.
Prior to joining Global Project and Infrastructure Finance, Julie worked on the Moody's Local Government team covering cities, counties, school districts, municipal utilities, and special districts. Julie has a BA in Political Science from Washington State University and an M PA from the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin.
Darrell Wheeler leads CMBS and CRE CLO research at Moody’s Ratings, with over 30 years in commercial real estate and securitization research. He has developed innovative mortgage models, managed structured finance research at top firms including Cantor Fitzgerald, S&P Global Ratings, and Citigroup, and received multiple accolades, such as repeated Institutional Investors poll rankings. Darrell is also an active contributor and editorial board member for CREFC’s E-primer.