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.

On 2 May 2012, we launched an open source framework for analyzing sovereign and general obligation municipal issuers. A short introductory video is embedded below. The full video is on YouTube! .

Rating Government Debt: A Scientific Approach on Vimeo.

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.