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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 <br /> WWW.STANDARDANDPOORS.COM/RATINGSDIRECT SEPTEMBER 12,2013 35 <br /> 1190266 1300881696 <br />