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.
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.
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