Conning Publishes 2023 State of the States Municipal Credit Report, Outlook Shifts to “Declining” Despite Improvements as U.S. Economy Expected to Slow
Retrieved on:
Wednesday, June 14, 2023
In the report, Conning analyzes 13 credit indicators to determine state credit health and assign rankings, with #1 being the highest and #50 being the lowest.
Key Points:
- In the report, Conning analyzes 13 credit indicators to determine state credit health and assign rankings, with #1 being the highest and #50 being the lowest.
- Conning’s 2023 State of the States Report has changes at the top of its overall rankings with Texas moving up into first place and Florida, 2022’s #1 ranked state, falling to second.
- Since its 2021 State of States Report, Conning assigned a “stable” outlook for state credit quality until this year.
- With most states ending their fiscal year on June 30, credit conditions are expected to soften this year and into 2024.