Scoring the Unrated Municipal Marketplace

The U.S. Public Finance market comprises tens of thousands of rated and unrated issuers. Many institutions need to assess the credit of these issuers, but often find they spend too much time gathering the necessary data to conduct a robust analysis. In this session, we'll walk through a newly released tool, the Public Finance Automated Scoring Tool (PFAST), which automatically assesses creditworthiness of U.S. local governments, both rated and unrated. You will walk away from this webinar with specific insights about:

• COVID-19's impact on local governments' credit quality
• Major summary statistics of credit quality differences between rated and unrated cities, counties, and school districts
• MuniScore, a local government quantitatively derived credit assessment score
• The key risk factors behind the MuniScore