The unprecedented longevity of coronavirus's negative impact on the US economy has created significant challenges to revenue pledges that depend on tax revenue generated by retail sales, tourism and consumption. Our ratings reflect long-term strengths of the sector, including stress tests on revenues as well as sources of liquidity and extraordinary actions by parent governments to cover debt service during the downturn.
Topics include:
- Implications of coronavirus on special tax credit quality
- Summary of rating actions to date
- Performance of Moody's stress scenarios for broad and narrow special tax pledges
- Review of case studies
Speakers:
- Greg Lipitz, VP-Sr Credit Officer/Manager (Moderator)
- Rachel Cortez, Associate Managing Director
- Emily Raimes, VP-Sr Credit Officer
- Frank Mamo, AVP-Analyst
- William Oh, VP-Senior Analyst
- Valentina Gomez, AVP-Analyst
