Muni Market Update:
Impact of US rating change on states and other public finance credits
Declining US credit quality has varying direct and indirect effects on the credit of states, local governments, and public enterprises, which we unlock in this discussion
The US government's large role in the US economy creates varying direct and indirect credit linkages between the sovereign and the 50 states, local governments large and small, and myriad enterprises and issuers across public finance sectors. Please join Moody's senior analysts for this timely discussion of the repercussions of weakening US credit quality for "downstream" public finance credits in the US.
- Relationship of the US rating to state and local government ratings
- Stress-testing federal Medicaid and disaster-relief funding
- How federal linkages affect housing finance authorities and other public enterprises
- US policy actions and long-term impact on public finance issuers
Speakers
Timothy Blake
Managing Director
Moody's Ratings
Rachael McDonald
Associate Managing Director
Moody's Ratings
Nick Samuels
Senior Vice President
Moody's Ratings
Confirm cancellation
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Tim Blake is a Managing Director in Moody’s Public Finance Group responsible for US state ratings as well as local government ratings in the Eastern region. He also oversees ratings for US transit systems and a specialist team on government pension analysis. Tim has thirty years of experience in the municipal market.
Prior to joining Moody’s, Tim was a credit risk manager and ratings advisor at Goldman Sachs, and a credit and liquidity facility specialist at NatWest Markets.
He is a graduate of the State University of New York at Albany.
Rachael Royal McDonald is an Associate Managing Director leading the Housing Finance, State Revolving Funds and Municipal Supported Products Teams. Prior to this role, Rachael spent 16 years as a lead analyst covering the State Housing Finance Agency, State Revolving Fund and Military Housing sectors. Prior to joining Moody’s, Rachael worked for Deloitte Consulting and The Advisory Board Company. Rachael holds an MBA and a Masters in Social Work from Columbia University and a BA from Brown 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.