This methodology provides an updated and detailed explanation of how Moody’s assigns ratings to US state general obligations or their equivalents.
Standard & Poor's assigns credit ratings to U.S. states and Territories based on its qualitative and quantitative
analysis of a range of financial, economic, managerial, and institutional factors. This article has been published to help market participants better understand our approach to assigning state ratings.
This report replaces the report of the same title published on Aug. 15, 2011 and fully incorporates and expands upon Fitch Ratings' tax-supported rating criteria with a focus on U.S. state government debt.