Bloomberg: Slowing US State Revenues Put Spotlight on Record Rainy Day Funds
05/04/2023
Hilltop Securities Inc. expects states to maintain their current credit quality, the highest overall in years, said Tom Kozlik, head of public policy and municipal strategy. “State government credit quality is very strong,” Kozlik said. “If a economic downturn does materialize, they are much more prepared now,” he said.