Illinois withstands pandemic’s financial effects; US airport sector benefits from passenger lift

Moody's Talks - Muniland

Ted Hampton of the US Public Finance team discusses how the State of Illinois is weathering COVID-19’s financial difficulties while pension obligations continue to weigh on its credit quality. Plus, Earl Heffintrayer and Myra Shankin of the Project and Infrastructure Finance team weigh in on the US airport sector’s improving prospects as passenger levels pick up.

Inside this episode:

• Ted Hampton of the US Public Finance team discusses how the State of Illinois is weathering COVID-19’s financial difficulties while pension obligations continue to weigh on its credit quality. (begins at 1:36)
• Earl Heffintrayer and Myra Shankin of the Project and Infrastructure Finance team weigh in on the US airport sector’s improving prospects as passenger levels pick up. (begins at 8:23)

Related content:

• Illinois (State of): Update to credit analysis after outlook revision to stable
• Illinois (State of): Adjusted net pension liability to surpass $300 billion as source of credit stress worsens
• Illinois (State of): Appeals court ruling allowing challenge to validity of Illinois GO bonds is credit negative
• Airports – US: Outlook revised to stable as passenger activity steady as COVID-19 surge wanes
• Airports - US: Recovery holds amid new travel restrictions as airports continue to restructure debt
• Airports – US: Airports reach short-term lease agreement extensions with airlines under similar terms