Latest Updates: Related to Inflation

We Expect a Multi-Year, But Potentially Temporary, Upswing of U.S. Municipal Credit

03/30/2021
  • We raised credit outlooks on seven of our 11 municipal sectors, mostly as a result of recent meaningful U.S. fiscal policy relief and the path of the U.S. vaccination effort.
  • A multi-year, yet temporary, upswing of U.S. municipal credit is expected.
  • We are cautioning observers that this upswing could only be temporary for some entities, especially those entities that do not balance revenues and expenditures.
  • It may be necessary to reevaluate our outlook assignments if a significant fourth wave of new COVID-19 cases, hospitalizations, and deaths develops.

Download the full article

Read more Municipal Commentary 

Learn More From HilltopSecurities

Rising Income and Elevated Savings Bode Well for Future Spending

Tough-Talking Powell Shows Fed Resolve

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