States Well-Positioned for Recession, Fitch's Kim Says

The video discusses the issuance of municipal bonds by state and local governments, highlighting the strong demand and potential risks amid economic uncertainties. It covers the credit quality of states, the impact of tax policies, and revenue projections. The relationship between housing prices and credit quality is explored, along with trends in municipal bonds and infrastructure funding needs.

What is the expected amount of debt issuance by state and local governments this week?

• $5 billion

• $8 billion

• $10 billion

• $12 billion

How are states generally positioned for an economic downturn?

• Unprepared

• Over-leveraged

• Well positioned

• Poorly positioned

What is a potential risk associated with implementing big tax policy changes during an economic downturn?

• Improved credit ratings

• Increased economic growth

• Increased pressure on states

• Higher tax revenues

How do housing prices affect state credit quality?

• Immediately affect local tax revenues

• Reflect general economic conditions

• Have no impact on state credit quality

• Directly impact state credit ratings

What is a significant ongoing need for state and local governments despite federal funding?

• Education funding

• Defense funding

• Infrastructure funding

• Healthcare funding