Powered by

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

Jan 09, 2019 - Business Wire

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 impli...