Muniland

Exploring US public finance
Listen on
Listen on:

Moody's Talks - Muniland


Season
Episode
17
/
June 9, 2022

Crypto gains toehold in public finance; states move to ban ransomware payments

Digital currencies provide states and local governments with a means to collect taxes and utility fees, while universities are accepting tuition payments and donations in crypto form. Plus, states are making efforts to ban their municipalities from making ransomware payments, hoping to deter future cyberattacks.
View Episode Notes »
Season
Episode
16
/
May 12, 2022

Puerto Rico bondholder recoveries reinforce patterns; cities face mounting flood risks

Recovery patterns in Puerto Rico’s bankruptcy-like case resemble large municipal bankruptcies such as Detroit. Also, flood risks threaten to weaken some cities’ property tax bases, increase the need for infrastructure investment and disrupt the economy.
View Episode Notes »
Season
Episode
15
/
April 14, 2022

Universities grapple with enrollment hurdles; states face credit risks from gas tax holidays

Susan Fitzgerald and Chris Collins of the US Public Finance team discuss enrollment and other revenue challenges affecting higher education. Plus, Ted Hampton discusses how gas tax suspensions will affect states’ capacity to pay debt on bonds backed in large part by the suspended taxes.
View Episode Notes »
Season
Episode
14
/
March 10, 2022

Public finance issuers will withstand moderately high inflation; infrastructure law will improve bridge conditions

Tom Aaron of the US Public Finance team and Madhavi Bokil of the Credit Strategy and Research team examine why states, local governments and other public finance issuers are generally positioned to withstand moderately rising inflation. Plus, Chris Yared and Michael Wertz discuss to what extent federal infrastructure funding will address the 44,000 US bridges in poor condition.
View Episode Notes »
Season
Episode
13
/
February 10, 2022

Telehealth boosts struggling healthcare sector; tech helps Midwest shake off some rust

Nansis Hayek and Matt Cahill of the US Public Finance team discuss how the pandemic-driven telehealth surge is helping the challenged healthcare sector. Plus, analysts Baye Larsen and Ted Hampton explain how manufacturing computer chips in Ohio and electric vehicles in Michigan will help the Rust Belt.
View Episode Notes »
Season
Episode
12
/
January 13, 2022

US state tax revenue growth will slow, ESG exposure remains for state, local governments

Marcia Van Wagner of the US Public Finance team discusses reasons behind the falloff in soaring state tax revenue growth, including expired federal pandemic aid and interest rates. Plus, Jennifer Chang, Adebola Kushimo and Coley Anderson weigh in on environmental, social and governance (ESG) issues facing state and local governments and delve into our new simplified way of communicating ESG risks.
View Episode Notes »
Season
Episode
11
/
December 9, 2021

US hospitals face turbulence; state and local government outlooks are stable

Kendra Smith of the US Public Finance team discusses why a nursing/labor shortage and difficulties with insurer reimbursement contribute to our negative outlook for the healthcare sector. Plus, Tim Blake and Leonard Jones weigh in on solid tax revenue growth during the pandemic playing a leading role in the stable outlooks for states and local governments.
View Episode Notes »
Season
Episode
10
/
November 11, 2021

Hospitals grapple with nursing shortage; small public finance borrowers make a comeback

Matt Cahill and Beth Wexler of the US Public Finance team discuss financial challenges hospitals face from a shortage of nurses and other employees. Plus, Dan Seymour weighs in on how some smaller public finance issuers are recovering from pandemic-driven shutdowns.
View Episode Notes »
Season
Episode
9
/
October 14, 2021

Air traffic rebound continues to boost US airports; US city and state pension burdens ease

Analyst Earl Heffintrayer of the Project and Infrastructure Finance team discusses how the air traffic recovery is helping US airports and their ability to weather COVID-19 surges. Plus, Eva Bogaty of the US Public Finance team examines prospects for tourism destinations Hawaii and Las Vegas and Tom Aaron weighs in on investment returns reducing pension liabilities for cities and states.
View Episode Notes »
Season
Episode
8
/
September 9, 2021

US infrastructure bill would reduce lead contamination; US West drought hits water supply

Dan Kowalski and Michael Wertz of the US Public Finance team discuss the bill’s funding to replace lead service lines and water utilities facing a mix of aging assets and climate change. Plus, Steven Goodman-Leibof and Helen Cregger weigh in on the credit effects of water reductions in Arizona, Nevada and California.
View Episode Notes »
Season
Episode
7
/
August 12, 2021

Chicago and Illinois’ prospects brighten; US public finance sector proves durable

David Levett and Ted Hampton of the US Public Finance team delve into Chicago and the State of Illinois’ improved prospects despite heavy pension obligations. Also, Sarah Jensen and Al Medioli discuss the lack of pandemic-driven defaults among US public finance credits we rate.

View Episode Notes »
Season
Episode
6
/
July 8, 2021

US state debt climbs; municipalities confront wildfire and hurricane seasons

Emily Raimes of the US Public Finance team discusses the rise in state debt amid COVID-19 and the role borrowing will play as states’ infrastructure needs mount. Plus, Joe Manoleas and Val Gomez delve into the potential effects of wildfires in California and hurricanes along the Atlantic and Gulf coasts.
View Episode Notes »
Season
Episode
5
/
June 10, 2021

Cyber risks mount across US public finance; demographic trends shape municipalities’ economic future

Michael Osborn, Heather Correia and Matthew Cahill of the US Public Finance team discuss the increasing cyber threats facing universities, state and local governments, hospitals and transit systems. Also, Pisei Chea weighs in on what recent US Census results signal about states’ economic fortunes, while Frank Mamo comments on municipalities’ prospects as they emerge from the coronavirus pandemic.
View Episode Notes »
Season
Episode
4
/
May 13, 2021

Federal aid improves US mass transit prospects; barriers to gender equality weigh on public finance

Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. Plus, Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market.
View Episode Notes »
Season
Episode
3
/
April 8, 2021

Illinois withstands pandemic’s financial effects; US airport sector benefits from passenger lift

Ted Hampton of the US Public Finance team discusses how the State of Illinois is weathering COVID-19’s financial difficulties while pension obligations continue to weigh on its credit quality. Plus, Earl Heffintrayer and Myra Shankin of the Project and Infrastructure Finance team weigh in on the US airport sector’s improving prospects as passenger levels pick up.
View Episode Notes »
Season
Episode
2
/
March 19, 2021

US state and local government outlooks improve, driven by revenue performance and robust federal support

Matthew Butler and Natalie Claes of the US Public Finance team discuss how better-than-expected revenue and a new wave of federal assistance spurred the outlook changes for US state and local governments in the face of the pandemic.
View Episode Notes »
Season
Episode
1
/
March 11, 2021

Federal aid helps US states cope with pandemic as universities face unprecedented disruption

In the inaugural episode of Moody’s Talks – Muniland, Pisei Chea and Jared Brewster of the US Public Finance team discuss the effects of federal policies on states and higher education. Also, Susan Fitzgerald and Michael Osborn focus on how the pandemic’s upheaval will affect the year ahead for colleges and universities, including enrollment and debt refinancing.
View Episode Notes »
Season
Episode
1
/
March 5, 2021

Welcome to Muniland

Welcome to Muniland! Hosted by Nick Samuels of the US Public Finance team, Muniland delves into the latest developments impacting the credit environment for states, local governments, healthcare, higher education and more. In each episode, Moody’s analysts join Nick in exploring the ramifications of the pandemic, climate change, cyber risk, federal policy, pensions burdens and other deep-seated challenges.
View Episode Notes »
‹ BACK TO PODCASTS HOME