S&P Global: U.S. public finance saw uneven credit trends amid rising uncertainty in 2024, Report Says

Dec 09, 2024

U.S. public finance issuers produced a largely mixed credit landscape in 2024, according to the report "Five Takeaways From U.S. Public Finance In 2024: Uneven Credit Trends Emerge Amid Rising Uncertainty," published today on RatingsDirect.

The report lists U.S. public finance's major themes for the year as follows:

•	Better-than-expected growth stabilized ratings across most sectors.
•	Some sectors saw persistent bifurcated credit quality and others showed signs of weakening.
•	Evolving risks (climate, cyber, and crypto) continued to test management teams.
•	Heightened affordability issues could begin affecting domestic migration trends.
•	Demographics will be a megatrend that could have more credit impact in 2025.

This report does not constitute a rating action.

The report is available to RatingsDirect subscribers at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by sending an e-mail to [email protected]. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box at www.spglobal.com/ratings.