Welcome to Public Sector Credit Solutions
Individuals have credit scores. Companies have credit scores. But what about cities, states, counties, sovereigns and other public sector entities?
As worries over government solvency increase, PSCS will respond by introducing a suite of data and quantitative credit measures for public sector borrowers.
In January 2013, we launched the PSCS Historical Sovereign Default database. Building on data from Reinhart and Rogoff, the Center for Financial Stability's Historical Financial Statistics, Eurostat, the IMF and other sources, we will provide a free on-line database of government revenue and expenditure data with default flags. Click here to see it.
On 18 October 2012, we published default probabilities for the ten Canadian provinces in conjunction with Ottawa's Macdonald-Laurier Institute.
In 2011, we built a database of historic US municipal bond defaults and are tracking financial statements for selected US states, cities, counties and other municipal bond issuers.