Criteria I Governments I U.S. Public Finance: U.S. Local Governments General Obligation Ratings:Methodology
<br /> And Assumptions
<br /> XI. RELATED CRITERIA AND RESEARCH
<br /> Related Criteria
<br /> Articles complementing the criteria
<br /> • Appropriation-Backed Obligations,June 13, 2007
<br /> • Contingent Liquidity Risks In U.S. Public Finance Instruments: Methodology And Assumptions, March 5, 2012.
<br /> • Debt Statement Analysis,Aug. 22, 2006
<br /> • Financial Management Assessment,June 27, 2006
<br /> • Methodology For Rating International Local And Regional Governments, Sept. 20, 2010
<br /> • The Time Dimension Of Standard&Poor's Credit Ratings,Sept. 22, 2010
<br /> • Criteria For Assigning'CCC+', 'CCC', 'CCC-',And'CC'Ratings, Oct. 1, 2012
<br /> Related Research
<br /> • What's Happening With The Proposed U.S. Local Government Criteria?An Update On Feedback And
<br /> Implementation, Sept. 19, 2012)
<br /> • Municipal Bankruptcy: Standard&Poor's Approach And Viewpoint, Oct. 4, 2012
<br /> • Hempel, George Henry, "The Postwar Quality of Municipal Bonds",University of Michigan doctoral dissertation,
<br /> 1964
<br /> • Hempel, George Henry, "The Postwar Quality of State and Local Debt", National Bureau of Economic Research,
<br /> 1971
<br /> • Hillhouse,A.M., "Defaulted Municipal Bonds (1830-1930)", Municipal Finance Officer's Association of the United
<br /> States and Canada, December 1935
<br /> • Hillhouse,A.M., Municipal Bonds, "A Century of Experience", Prentice-Hall, New York, 1936
<br /> • Hoene, Christopher W. and Pagano,Michael A., "City Fiscal Conditions in 2010", National League of Cities
<br /> Research Brief on America's Cities, October 2010
<br /> • Lutz, Byron, Molloy, Raven, and Shan,Hui, "The Housing Crisis and State and Local Government Tax Revenue:
<br /> Five Channels", Finance and Economics Discussion Series, Divisions of Research and Statistics and Monetary
<br /> Affairs, Federal Reserve Board,Washington D.C.,August 2010
<br /> • Rodden,Jonathan, "The Dilemma of Fiscal Federalism: Grants and Fiscal Performance around the World",MIT
<br /> Draft Working Paper, Sept. 28, 2001
<br /> • Standard&Poor's Refines Its Limited-Tax GO Debt Criteria,Jan. 10, 2002
<br /> • Understanding Standard&Poor's Rating Definitions,June 3, 2009
<br /> • Standard&Poor's U.S. Public Finance Local GO Criteria: How We Adjust Data For Analytic Consistency,Sept. 12,
<br /> 2013
<br /> • Methodology And Assumptions: Request For Comment: Ratings Above The Sovereign—Corporate And
<br /> Government Ratings,April 12, 2013
<br /> These criteria represent the specific application of fundamental principles that define credit risk and ratings opinions.
<br /> Their use is determined by issuer-or issue-specific attributes as well as Standard& Poor's Ratings Services'assessment
<br /> of the credit and,if applicable, structural risks for a given issuer or issue rating. Methodology and assumptions may
<br /> change from time to time as a result of market and economic conditions,issuer- or issue-specific factors, or new
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