AMPWP Credit Event Brief: Pre & Post NYC Mayoral Election View
AMPWP’s pre-election view is unchanged following Zohran Mamdani’s November 4th victory. Headline proposals captured attention, but wholesale policy shifts are unlikely without Albany’s support. On their own, these proposals do not imply a material risk of downgrade. Our base case assigns greater weight to federal–state–city dynamics. The most significant credit variable is the potential pressure […]
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