Ted Chapman

is managing director in Hilltop Securities’ Dallas office, specializing in credit strategies and hot topics in the municipal bond universe.

Before joining HilltopSecurities in 2021, Chapman spent more than 20 years as a credit analyst at S&P Global Ratings where he served as their subject matter expert and rating criteria author for water utility muni bonds, as well part of the global team that developed S&P’s initial views on sustainable finance and ESG. Prior to S&P, he was El Paso (Tex.) Water Utilities’ first-ever budget officer.

He has published commentaries on a wide range of municipal market topics, including affordability, resilience, and climate risk management. He has been recognized as a “municipal all-star” Wall Street analyst by Smith’s Research and Gradings every year since 2016. Chapman is an active member of the NFMA, American Water Works Association – including a member of its Finance, Accounting, and Management Controls committee and its Climate Change committee – and the Water Environment Federation. In 2017 he was appointed by the EPA Administrator to serve on the U.S. Environmental Protection Agency’s (EPA) Environmental Financial Advisory Board (EFAB), where he served through 2023.

Ted holds a bachelor’s degree in political science from the University of Arizona and an MPA from the University of Texas at El Paso.