Moody's Talks - Muniland

Air traffic rebound continues to boost US airports; US city and state pension burdens ease

Episode Summary

Analyst Earl Heffintrayer of the Project and Infrastructure Finance team discusses how the air traffic recovery is helping US airports and their ability to weather COVID-19 surges. Plus, Eva Bogaty of the US Public Finance team examines prospects for tourism destinations Hawaii and Las Vegas and Tom Aaron weighs in on investment returns reducing pension liabilities for cities and states.

Episode Notes

Analyst Earl Heffintrayer of the Project and Infrastructure Finance team discusses how the air traffic recovery is helping US airports and their ability to weather COVID-19 surges. Plus, Eva Bogaty of the US Public Finance team examines prospects for tourism destinations Hawaii and Las Vegas and Tom Aaron weighs in on investment returns reducing pension liabilities for cities and states.

In this Episode:

• Earl Heffintrayer outlines how much of the boost to airports is driven by tourists (begins at 3:22 mins)
   
• Eva Bogaty on what the economic consequences will be for major tourist destinations in the event of another COVID surge. (begins at 7:27 mins)

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State and Local Government – US: Huge investment returns set to benefit governments' pension funding

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State and Local Government – US: Retiree healthcare obligations remain material for a segment of municipal issuers