Moody's: Modest revenue growth supports US states' stable outlook in 2017
New York, December 08, 2016-- The outlook for US states continues to be stable in 2017, based on the expectation that modest economic and revenue growth will continue, Moody's Investors Service says. This will maintain steady credit conditions for most states, but not enough to foster broad credit improvement. In the next 12-18 months, states' tax revenue will grow at a 2%-3% annual pace, a slowdown from the five-year average of roughly 4%.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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