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KBRA Releases Research – Coronavirus (COVID-19): State Revenue Losses Less Than Feared

·2-min read

Kroll Bond Rating Agency (KBRA) releases a report which compares the actual performance of state revenues to the projections that were prevalent at the outset of the pandemic. Actual projections were much better than those originally projected.

At the outset of the pandemic, economic conditions were forecast to deteriorate more significantly than what transpired through the remainder of 2020. However, better-than-expected performance on revenues does not alleviate the myriad budgetary pressures that are still present and conservative budgetary practices remain critical in the uncertain environment that remains.

Click here to view the report.

Related Publications

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005745/en/

Contacts

Analytical Contacts

Paul Kwiatkoski, Managing Director
+1 (646) 731-2387
pkwiatkoski@kbra.com

Linda Vanderperre, Senior Director
+1 (646) 731-2482
lvanderperre@kbra.com

Jozelle Cox, Analyst
+1 (646) 731-1227
jcox@kbra.com

Karen Daly, Senior Managing Director
+1 (646) 731-2347
kdaly@kbra.com

Business Development Contact

William Baneky, Managing Director
+1 (646) 731-2409
bbaneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
jkissane@kbra.com