Moody's: Unfunded pension liabilities now exceed debt for many large US local governments
New York, November 04, 2016-- Unfunded pension liabilities for the top 50 local governments ranked by outstanding debt have more than doubled over the last decade, and 32 of those municipalities now have higher pension liabilities than debt, Moody's Investors Service says in a new report. Moody's says the median adjusted net pension liability for the 50 local governments compared to all governmental revenues reached 147% for fiscal 2015 reporting, versus 70% in 2005. The...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.