Municipal Credit Outlook 2019
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Sector stability driven by moderating economic growth; medium to long-term challenges remain headwinds
Growing tax collections and revenues across the municipal market have been supported by the near-decade-long expansion. However , a deceleration of growth is anticipated. The expectation for moderate economic growth supports our expectation for overall stability in municipal credit over the next 12-18 months. We expect growth to continue, although tempered by the slowdown in foreign economies, trade negotiation uncertainty and headwinds from Federal Reserve rate hikes.
