Moody's Talks - Muniland

Robust revenue gains and easing expense growth will buoy not-for-profit hospitals over the next 12 months, while state and local taxes will play a growing role in funding many of the nation’s transit systems.   Guests : Nansis Hayek, Analyst - Moody’s Ratings; Rita Strauss, AVP-Analyst - Moody’s Ratings; Matt Butler, Vice President - Moody’s Ratings Host : Nick Samuels, Senior Vice President - Moo...

The availability and affordability of home insurance is declining as damage from hurricanes and wildfires becomes more frequent. That could have negative implications for property values and tax revenues, particularly in the most disaster-prone states.  Guests : Michael Wertz, VP - Senior Analyst, Moody’s Ratings; Denise Rappmund, VP - Senior Analyst, Moody’s Ratings Host : Nick Samuels, Senior Vi...

The operating environment for K-12 districts is getting tighter as $190 billion in pandemic support ends, employee costs climb, and declining birthrates reduce the school-age population.  Guest : David Levett, VP-Sr. Analyst - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): Public...

Stadium projects are often less financially beneficial than projected for the governments subsidizing them, though a shift toward multipurpose facilities brings the potential for enhanced returns.  Guest : Greg Sobel, AVP-Analyst - Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscribers): S...

Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions. Guests : Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer ­- Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only...

Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue.  K-12 education will avoid significant cuts, but is vulnerable if the economy slows. Guests : Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer ­- Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moo...

As climate issues mount, residents face escalating property insurance costs and, in some cases, difficulty obtaining coverage at all, which threatens to hurt the economy and curtail tax collections. Guests : Bola Kushimo, Vice President - Senior Credit Officer, Moody’s Ratings and Denise Rappmund, Vice President - Senior Analyst, Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s...

Local governments face a loss of economic vitality and tax revenue as the working-age population declines. Meanwhile, a tighter labor supply remains a chronic issue for the hospital sector. Guests : Frank Mamo, Vice President - Senior Analyst, Moody’s Ratings and Dan Steingart, Vice President - Senior Credit Officer, Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Relat...

As water shortages threaten to curb economic growth, governments in many parts of the country are stepping up investment in water management and conservation. Guests : Sunny Zhu, AVP – Analyst, Moody’s Ratings; Maddie Atkins, Analyst ­- Moody’s Ratings Host : Nick Samuels, Senior Vice President, Moody’s Ratings Related content on Moodys.com (may only be available to registered users and subscriber...

Suspension of commercial shipping in the Suez Canal and reduced activity in the drought-afflicted Panama Canal have the potential to reduce revenue at key US ports. Guest : Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to registered users and subscri...

Pension liabilities for large local governments are falling because of higher interest rates. This dynamic — and greater contributions —bodes well for credit quality, though investment risk lingers. Guest : Tom Aaron, Vice President – Senior Credit Officer, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be ava...

While pandemic pain lingers, our higher education outlook has improved to stable from negative as revenue grows, margins steady and balance sheets remain generally healthy.  Guest : Chris Collins, Vice President – Senior Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to registered users a...

We have revised our outlook for the US not-for-profit healthcare sector to stable from negative as a recovery takes hold, largely driven by a slowdown in the growth rate of labor costs. Guest : Matt Cahill, Assistant Vice President – Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be available to subsc...

States’ pension liabilities, a source of credit stress for years, are declining and providing financial flexibility. In England, some local governments are grappling with substantial deficits. Guests : Sunny Zhu, Assistant Vice President – Analyst, Moody’s Investors Service and Zoe Jankel, Vice President – Senior Credit Officer, Moody’s Investors Service Host : Nick Samuels, Senior Vice President,...

With a slower economy in the central business district, the city projects deficits and we’ve changed our outlook to negative. We’ve done the same for Bay Area Rapid Transit with its ridership drop. Guests : Joe Manoleas, Assistant Vice President - Analyst, Moody’s Investors Service and Maddie Atkins, Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors S...

States with legal recreational marijuana are generating tax dollars for various needs, but no more than Nevada’s 2.5% of state revenue. Policy changes, however, have the potential to boost the amount. Guest : Greg Sobel, Assistant Vice President – Analyst, Moody’s Investors Service Host : Nick Samuels, Senior Vice President, Moody’s Investors Service Related content on Moodys.com (may only be avai...

With bankruptcy to shed debt and stay open largely unviable, colleges grappling with falling enrollment and rising costs are increasingly closing. In a shutdown, bondholder outcomes are a wild card with the amount of reserves on hand and value of real estate assets playing a role.  Guest : Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service Host : Nick Samuels, Senior...

ChatGPT’s rollout has sharpened universities’ focus on AI pitfalls such as cheating and benefits like improved educational outcomes. Plus, US ports’ cargo volumes are way down, but business models and finances provide stability. Guests: Patrick Ronk, Analyst – Moody’s Investors Service and Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service Host: Nick Samuels, Senior Vice Pres...

Kevyn Orr, who led Detroit’s 2013 bankruptcy filing, weighs in on why the landmark event enabled a turnaround for the city and recounts some of the restructuring’s peculiarities, including Renoir’s involvement. At Moody’s, the bankruptcy marked such an inflection point that it prompted changes in our credit analysis. Naomi Richman, a senior vice president in our Public Finance Group, joins the pod...

With an EPA proposal, US municipal utilities and cities are facing mounting costs to remove toxic PFAS, also known as forever chemicals, from drinking water. Yet the utilities’ ability to raise customer rates to recoup costs will limit credit risks. Meanwhile, companies that make the chemicals or products with them are dealing with a barrage of lawsuits similar to what hit Big Tobacco and opioid m...

Moody’s analysts discuss accelerating electric vehicle sales’ effects on US auto insurers and auto finance captives, and implications for state fuel taxes.   Speakers:  Matthias Heck, VP – Senior Credit Officer, Moody’s Investors Service; Inna Bodeck, VP – Senior Analyst, Moody’s Investors Service; Jasper Cooper – VP – Senior Credit Officer, Moody’s Investors Service; Ted Hampton, VP – Senior Cred...

Weak investment returns have chipped away at endowment values, but universities manage endowments with expectations of volatility, easing some of the adverse credit effects. Guests: Liz Clark, vice president for policy and research,  National Association of College and University Business Officers  ( NACUBO ) and Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service Host...

Hospital credit stress is not going away as labor costs, largely driven by a nursing shortage, drive up expenses and capacity constraints squeeze revenue.  Guests: Brad Spielman, Vice President - Senior Credit Officer, Moody’s Investors Service and Dan Steingart, Vice President - Senior Credit Officer, Moody’s Investors Service Host: Nick Samuels, Senior Vice President, Moody’s Investors Service  ...

The faltering economy threatens to slow growth in travel and cargo volumes, which underpin credit quality for the three infrastructure sectors. All three, however, have strong balance sheets and other advantages that will help them navigate the difficulties.  Guests : Ursula Cassinerio, Assistant Vice President – Analyst, Moody’s Investors Service and Moses Kopmar, Vice President – Senior Analyst,...

Muniland welcomes New York City’s comptroller to discuss the city’s first social bond, affordable housing, his push to increase budget reserves and what’s next for the city’s economy.  Guest: Brad Lander, New York City comptroller Host: Nick Samuels, Senior Vice President, Moody’s Investors Service