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Moody's Proposes Making Pension Liabilities a Bigger Factor in Bond Ratings
Governing
Sept. 19, 2013 "The agency would increase the weight to 20 percent from 10 percent and decrease the weight for economic strength to 30 percent from 40 percent. Weights for governance and management (20 percent) and financial strength (30 percent) -- the other two factors in the way Moody's scores its [government obligation] ratings -- would stay the same. The step by Moody's is just the latest in what has become a marathon of changes by various organizations in recent years that aim to place a bigger emphasis on pensions' effect on fiscal health." MORE >> |
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