Latest Updates: Related to Inflation

The Texas PSF is Up Against a Federally Allocated Cap

12/08/2022
  • The Texas Permanent School Fund (Aaa/AAA/AAA) is very close to reaching a federal allocated cap.
  • The potential for extension by the federal government and what that timing could look like is currently unknown. It is not a certainty that the capacity will be increased.
  • We are currently not expecting credit or rating pressure on bond issues already enhanced by the Texas Permanent School Fund. We are also not currently expecting credit or rating pressure to underlying ratings as a direct result of the cap expiration.

Download the full article

Read more Municipal Commentary 

Learn More From HilltopSecurities

VIDEO: CNBC – I’m recommending investors look at high-grade state and local government bonds, says Hilltop’s Kozlik

The Next Big Risk

State Credit Mainly Improved & Most Positioned to Withstand a Recession

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.