Moody's: Public finance credits continue weathering costs of Sandy recovery as new risks emerge

New York, December 19, 2012 -- Public finance credits should continue to handle the costs of the Hurricane Sandy recovery with minimal impact on their credit ratings says Moody's Investors Service in "U.S. Public Finance Issuers Transition to Recovery Stage in the Aftermath of Hurricane Sandy," authored by Moody's analyst Dan Seymour. New risks are evolving as the recovery moves into a new stage, however. They now involve the timing of Federal Emergency Management Agency (FEMA) aid, access to capital markets for borrowing, and reductions in property tax collections and tax-base valuations.

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