International Public Finance encompasses a broad range of entities, operating in the public sector outside the U.S. They include local and regional governments, social housing providers, universities, hospitals, mass transit, and other nonprofit organizations. Being part of the public sector, IPF entities normally follow the rules, regulations, and directives set by the sovereign or another related government. Nevertheless, they operate under different socioeconomic conditions, and design and implement independent financial policies, leading to a great variety of budget, liquidity, and debt burden pressures.
Explanation of a credit rating action on a debt issue. In addition, rating actions on a group of issuers can be bundled and published as rating actions news, without individual research updates. The report provides the rating action rationales for the group of entities or sector, followed by entity-specific rationales, reflecting the view of a rating committee.
Overview and rationale of a credit rating action taken at the issuer level, including comments on newly assigned ratings, rating changes, outlook or CreditWatch revisions, as well as a ratings score snapshot with added explanations. In addition, a table with selected economic indicators and forecast may be provided.
Quick and timely report addressing a particular development or event that has no current impact on the credit rating on an issuer.
Detailed reports on individual public finance entities, providing the issuer credit rating (ICR) and insights into key rating factors, outlook, and rationale of the rating, among other considerations.