Fitch Ratings U.S. Airport & Toll Road Traffic Monitor

According to Fitch’s U.S. Airport & Toll Road Traffic Monitor, the latest data shows airport traffic recovery across the included portfolio ended 1Q23 at 99% of 1Q19 levels, despite a number of operational challenges. For the FAQ, please click here.

Access Monitor

02Rating Process

03Products & Tools


Fitch Analytical Comparative Tool (FACT)

This Excel-based tool provides statistics and metrics for U.S. Public Finance issuers within a particular sector. The program allows for analyses of rating trends, custom peer groups, and individual agencies.



Criteria explain our forward-looking ratings approach. Criteria reports identify rating drivers and assumptions, and highlight the scope and limitations of our analysis.



USPF Weekly

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Digital Infrastructure Project Expansion Likely with Federal Broadband Funding

Digital Infrastructure Project Expansion Likely with Federal Broadband Funding

Amid Steep Median Declines, Rays of Light for U.S. NFP Hospitals

U.S. Population Growth Rebounds; State Trends Diverge Due to Migration

US State Tax Revenues Continue to Rise but Show Signs of Slowdown

NFP Hospital Medians Show Expected Deterioration; Will Worsen

Credit Outlook 2023 - U.S. Life Plan Communities’ 2023 Sector Outlook Revised to ‘Deteriorating’

Credit Outlook 2023 - More Operating Woes Await U.S. Colleges & Universities in 2023

Credit Outlook 2023 - Outlook ‘Deteriorating’ for U.S. States & Local Governments in 2023; Ratings Stable

Credit Outlook 2023 - Labor Pains to Intensify for U.S. NFP Hospitals in 2023

Recession Expected 2Q23, Strength of US Consumer Will Mitigate Severity

Cyber Risk Mitigation Adds to Cost Pressure for Not-for-Profit Hospitals

US Labor Remains Tight, Trend Likely Peaked as Median Unemployment Falls Below Pre-Pandemic Levels

US Public School Districts Face Heightened Labor Cost Pressures

U.S. to Recover All Pandemic-Driven Job Losses by Q3 2022

Rising US House Prices Drive Interest in Essential Housing

US States Strategize for Clean Energy Transition

Implementation Risks Lurk in US State 2022 Tax Cut Plans

Pandemic Entrenched State Population Changes, Migration Key Factor

Transportation Infrastructure Criteria Snapshot

2022 Credit Outlook - Rising Labor Expenses Cloud U.S. NFP Hospitals

2022 Credit Outlook - Fitch Expects Operating Environment for LPCs to Remain Unchanged in 2022

2022 Credit Outlook - U.S. State and Local Governments Search for Predictability in 2022

Rising Insurance Costs Add to US Public Finance Cyber Pressures

Infrastructure Bill Could Spur Overdue Road, Bridge Repairs

Fitch Ratings leads the way in USPF/Public Power

US Healthcare System to Expand, Adapt to Long-Term COVID-19 Fallout

Relentless Cyber Attacks to Pressure NFP Hospitals’ Operations

Outlook on U.S. Colleges and Universities Revised to Stable; Post-Coronavirus Pressures to Worsen Credit Gap

COVID-19 Exacerbating US Affordable Housing Stresses

Public Infrastructure Cyberattacks May Pose Broad Financial Risk

Fitch Ratings is the Thought Leader in Municipals

Fitch Ratings 2021 Outlook - US Municipal Sectors

Rebound in Global Travel Will Be Gradual Despite Probable Vaccines

USPF Not-For-Profit Hospitals & Health Systems

Coronavirus Proves US Broadband Infrastructure Is Essential

2019 Late Cycle Roundtable: Key Risks for U.S. States in a Potential Downturn

Introducing ESG Relevance Scores - An Update for Public Finance and Infrastructure

Credit Journal

Global Transportation

Fitch’s Global Transportation Credit Journal is a curated compilation of Fitch Ratings’ in-depth research and commentary; this edition takes a look at the intersection between aviation, rail, maritime shipping and more.

07Sector Analysts

Laura Porter
Public Finance Ratings
Global Group Head
+1 212 908 0575 |

Arlene Bohner
US Public Finance Ratings
Managing Director - Head of Public Finance
+1 212 908 0554 |

Dennis Pidherny
US Public Finance Ratings
Managing Director - Public Power
+1 212 908 0738 |

Eric Kim
US Public Finance Ratings
Senior Director - States
+1 212 908 0241 |

Emily Wadhwani
US Public Finance Ratings
Senior Director - Higher Education
+1 312 368 3347 |

Kevin Holloran
US Public Finance Ratings
Senior Director - Not For Profit Hospitals
+1 512 813 5700 |

Margaret Johnson
US Public Finance Ratings
Senior Director - Life Plan Communities
+1 212 908 0545 |

Michael Rinaldi
US Public Finance Ratings
Senior Director - Local Governments
+1 212 908 0833 |

08Business Contacts

Anjali Sharma
U.S. & International Public Finance and Global Infrastructure
Managing Director, Global Head
+44 20 3530 1341 |

Jessica Soltz Rudd
Head of U.S. Public Finance
Senior Director, BRM Manager
+ 415 732 7575 |

Jack Archibald
U.S. Public Finance
Senior Director
+1 212 908 0664 |

Saavan Gatfield
Head of Global Infrastructure and Project Finance – North America
Managing Director
+1 212 908 0542 |

James Mitchell
U.S. Public Finance
Senior Director
+1 941 921 4823 |

Richard Packard
U.S. Public Finance - South/Southwest
+1 512 215 3728 |

Carmine Charles
U.S. Public Finance - Northeast/Midwest
+1 212 908 0230 |

Michele O Brien
U.S. Public Finance and Infrastructure
Investor Development, Senior Director
+1 312 368 2087 |