News Column

Fitch: U.S. Public Finance Faces Moderate Economic and Revenue Growth for Remainder of 2014

August 6, 2014



NEW YORK--(BUSINESS WIRE)-- U.S. public finance should see moderate economic and revenue growth for the balance of 2014, while state and local spending pressures remain manageable, according to a Fitch Ratings report.

Revenue-supported sectors remain stable with the exception of hospitals, which has a negative outlook driven by the changing operating landscape's pressure on margins and volume.

Key risks to public finance through year-end include continued economic recovery, post-employment benefit costs and the uncertain impact of healthcare reform.

For more information, a special report titled "US Public Finance Sector Briefing Roundup 2Q14" is available on the Fitch Ratings web site at www.fitchratings.com, or by clicking on the link.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: U.S. Public Finance Sector Briefing Roundup 2Q14

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=753345

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.



Fitch Ratings

Richard Raphael

Fitch Ratings, Inc.

33 Whitehall St.

New York, NY 10004

+1-212-908-0506

or

Media Relations

Elizabeth Fogerty, New York, +1-212-908-0526

elizabeth.fogerty@fitchratings.com

Source: Fitch Ratings


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