Robust revenue gains and easing expense growth will buoy not-for-profit hospitals over the next 12 months, while state and local taxes will play a growing role in funding many of the nation’s transit systems.  

Guests: Nansis Hayek, Analyst - Moody’s Ratings; Rita Strauss, AVP-Analyst - Moody’s Ratings; Matt Butler, Vice President - Moody’s Ratings

Host: Nick Samuels, Senior Vice President - Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• Not-for-Profit and Public Healthcare – US: 2025 Outlook - Stable as profitability rises modestly on revenue growth, cost controls
• Mass Transit – US: 2025 Outlook - Stable as taxes and state funding continue to support operations

The availability and affordability of home insurance is declining as damage from hurricanes and wildfires becomes more frequent. That could have negative implications for property values and tax revenues, particularly in the most disaster-prone states. 

Guests: Michael Wertz, VP - Senior Analyst, Moody’s Ratings; Denise Rappmund, VP - Senior Analyst, Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• State and Local Governments – US: Rising insurance costs indicate growing climate risk to state and local governments

The operating environment for K-12 districts is getting tighter as $190 billion in pandemic support ends, employee costs climb, and declining birthrates reduce the school-age population. 

Guest: David Levett, VP-Sr. Analyst - Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• Public K-12 School Districts – US: Tightening operating environment will challenge a growing minority of districts

Stadium projects are often less financially beneficial than projected for the governments subsidizing them, though a shift toward multipurpose facilities brings the potential for enhanced returns. 

Guest: Greg Sobel, AVP-Analyst - Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• States and Local Governments – US: Ballooning stadium subsidies amplify risk amid potential economic development

Higher expenses after a $2.78 billion agreement on student athlete payments pose a credit risk for smaller colleges, which already face rising competition from larger, cheaper institutions.

Guests: Patrick Ronk, AVP-Analyst - Moody’s Ratings; Nicole Serrano, VP-Sr Credit Officer ­- Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• Higher Education – US: Settlement in NCAA antitrust cases leads to colleges paying athletes, a credit negative
• Private Colleges and Universities – US: Small institutions in Northeast and Midwest face credit stress as enrollment declines 

Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue.  K-12 education will avoid significant cuts, but is vulnerable if the economy slows.

Guests: Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer ­- Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• California’s deficit grows, increasing importance of strong budget solutions
• California school districts are prepared for state budget cuts due to liquidity and strong reserves

As climate issues mount, residents face escalating property insurance costs and, in some cases, difficulty obtaining coverage at all, which threatens to hurt the economy and curtail tax collections.

Guests: Bola Kushimo, Vice President - Senior Credit Officer, Moody’s Ratings and Denise Rappmund, Vice President - Senior Analyst, Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• State and Local Government - Louisiana: Climate risks and insurance costs pose challenges for state and local governments
• Florida (State of):  Florida insurance exposure reaches peak of 1% of GDP as state increasingly supports sector
• Property & Casualty Insurance – US: Homeowners insurers aim to boost profits as weather-related losses, inflation take toll

For more, listen to our Focus on Finance episode: US homeowners insurers raise prices as inflation and weather-related losses take a toll

Local governments face a loss of economic vitality and tax revenue as the working-age population declines. Meanwhile, a tighter labor supply remains a chronic issue for the hospital sector.

Guests: Frank Mamo, Vice President - Senior Analyst, Moody’s Ratings and Dan Steingart, Vice President - Senior Credit Officer, Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• Cities and Counties – US: Declining working-age population will constrain revenue and test adaptability

As water shortages threaten to curb economic growth, governments in many parts of the country are stepping up investment in water management and conservation.

Guests: Sunny Zhu, AVP – Analyst, Moody’s Ratings; Maddie Atkins, Analyst ­- Moody’s Ratings

Host: Nick Samuels, Senior Vice President, Moody’s Ratings

Related content on Moodys.com (may only be available to registered users and subscribers):

• States – US: Effective management will be crucial in lessening credit risks from water stress

Suspension of commercial shipping in the Suez Canal and reduced activity in the drought-afflicted Panama Canal have the potential to reduce revenue at key US ports.

Guest: Moses Kopmar, Vice President – Senior Analyst, Moody’s Investors Service

Host: Nick Samuels, Senior Vice President, Moody’s Investors Service

Related content on Moodys.com (may only be available to registered users and subscribers):

• Ports – US: Red Sea shipping disruptions have potential to reduce East Coast cargo volume
• Ports – US: 2024 Outlook - Stable as cargo volume grows slowly in difficult macro environment